TSLA – Mild Pullback Before Resuming Its Upward TrajectoryTesla, Inc.BATS:TSLAEmmaChartistHello everyone, Tesla (TSLA) is showing a healthy technical pullback after an impressive rally, yet the broader bullish trend remains intact. The stock is currently hovering around $438.69, down 4.5% in the latest session — a move that reflects short-term profit-taking rather than a shift in market sentiment. On the news side, Tesla has just unveiled lower-cost versions of the Model 3 and Model Y — a strategic decision aimed at expanding its mid-range customer base. However, the market’s reaction has been somewhat cautious, possibly due to concerns over shrinking profit margins as prices drop. Nevertheless, this move allows Tesla to strengthen its global footprint and improve competitiveness, particularly in key markets like China and Europe. At the same time, the company continues to advance its Full Self-Driving (FSD) technology and the Robotaxi project — seen as Tesla’s long-term growth pillars. Once fully realised, autonomous mobility services could unlock significant recurring revenue, reinforcing investor confidence even amid short-term corrections. From a technical perspective, the 4H chart indicates that price remains well above the Ichimoku cloud, confirming that the uptrend still dominates. Shallow Fair Value Gaps (FVGs) have been filled, hinting that price might retest support before rebounding. The $430–$420 area serves as a critical support zone, while resistance stands near $440 and $445. A clear breakout above $440 could open the path toward $450–$460. Overall, Tesla appears to be consolidating within a natural pause rather than reversing. As long as the $420 level holds, the bullish structure remains valid. What about you — do you see this pullback as a springboard for new highs, or the start of a longer consolidation phase for TSLA?