TSLA Still Weak - Bounce or Continuation? Mar. 23Tesla, Inc.NASDAQ:TSLABullBearInsightsTSLA has been in a clear downtrend and is now trying to bounce after a strong selloff. The move off the lows looks decent, but price is still sitting under key resistance, so this isn’t a confirmed reversal yet. 1H Structure - Clear Downtrend On the 1H chart, TSLA is making consistent lower highs and lower lows. The recent bounce from around 364 shows buyers stepping in, but structure hasn’t flipped yet. Until we break above the 380–385 area, sellers are still in control. 15-Min Structure - Bounce Into Supply On the 15-minute chart, price pushed up from the lows and is now reacting near a supply zone around 375–380. * Liquidity taken below 365 * Strong reaction from buyers * Price pushed back into prior supply * Now starting to slow down This is typical bounce behavior inside a downtrend. Phase Context We had distribution near 390+ Then a strong markdown move Now we’re seeing a bounce attempt So this is still in the markdown phase, possibly transitioning into early accumulation, but not confirmed yet. GEX Context (Simple Read) Options positioning shows strong resistance stacked above around 400–410. That means upside will likely face pressure unless momentum really picks up. On the downside, support is building around 350–360, which aligns with the recent reaction zone. So overall, GEX is favoring controlled movement unless price breaks key levels. Key Levels Resistance - 375 to 380 Major resistance - 385+ Support - 365 Major support - 350 to 360 Scenarios If TSLA breaks and holds above 380, we could see continuation toward 385–390. If price rejects here and loses 365 again, downside continuation is likely. Simple View Right now TSLA is: * bouncing inside a downtrend * sitting under resistance * not confirmed bullish yet This is more of a reaction move, not a trend shift.