#TSLA EARNINGS DAY SETUP #Tesla #daytrading Please ❤️like and 🔁share with fellow Tesla traders/investors #Tesla heads into earnings with the stock at one of the most important technical inflection points of the year. After closing at $378.93, the chart remains locked inside a 14-month wedge that continues to define the broader trend. While earnings are likely to create significant volatility, the key support and resistance levels remain the roadmap for traders. * The most important level today is $371.03. This support has held multiple tests over the past several months, including April and this week's pullback. As long as #TSLA continues to defend this area, the longer-term technical structure remains intact. For swing traders, the current setup continues to favor buying weakness near the low-$370s and taking profits closer to the low-$430s while the stock remains inside the established range. * If selling accelerates after earnings and Tesla breaks below $371.03, the next downside target becomes $358.08. Given Tesla's volatility, a move to that level would not be unusual. However, an intraday decline alone does not invalidate the bullish outlook. What matters most is where the stock closes at the end of the week. * A weekly close below $367.62 would trigger a significant technical sell signal and suggest that the multi-month support structure is beginning to fail. If Tesla closes below $358.08, the bullish range thesis is invalidated altogether. That opens the door to additional downside, with $337.24 as the first major objective and approximately $303.17 becoming the longer-term target by late September. * On the upside, bulls need to reclaim $384.63 to shift short-term momentum back in their favor. A move through that level brings $399.68 into play, although that area is expected to act as meaningful resistance and could cap gains over the next several trading sessions. Only a sustained close above $399.68 would improve the technical picture enough to target $433.77, the upper boundary of the nine-month descending channel. * Even if Tesla reaches $433.77, the expectation is still for resistance there unless a decisive breakout confirms a larger trend reversal. A successful move above that level would strengthen the case that the broader consolidation is ending and that Tesla could transition back into a sustained uptrend. * So, earnings may determine which side of this range Tesla tests next, but the chart already provides a clear framework. Above $371.03, the range remains intact and favors tactical buying on weakness. Below $367.62 on a weekly closing basis, risk increases substantially. Below $358.08, the technical outlook shifts decisively bearish. Until one of those levels breaks, disciplined traders can continue to use this well-defined structure to manage both risk and opportunity. * If you enjoyed this update, please 👍🏻 like and 🔁 share Watch the full #TSLA Trading Plan for July 22, 2026, in this short video 🔽