TSLA: Pullback Into Trendline Support — Key Level in Focus

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TSLA: Pullback Into Trendline Support — Key Level in FocusTesla, Inc.BATS:TSLAstreak35Hello Everyone, Followers, I am back :) . Happy new year to all. We started the trading year on Friday and from my side it was a good and green day. My portfolio gain is approx %1.2 , I consider it as a good start. But now as always Trump changed everthing and I am very curious about pre-market tomorrow. This could create some good opportunities I beleive or even we can continue to Bullish market. So Tesla now: 🟦 Technical Overview: Tesla has broken below short-term support and is currently pulling back toward the ascending trendline that has acted as structural support since early in the year. Price has also dropped below the 50 SMA (green) and 20 SMA (yellow), showing short-term momentum is bearish. The 0.786 Fib region (~451.6) tried to hold but failed, adding to the downside pressure. Key levels and structure from your chart: 🎯 Trendline Support: Major dynamic support around the 420–430 zone 🌀 Fib Levels: 0.786 – 451 0.618 – 400.9 0.5 – 365.3 0.382 – 329.6 🔮 Outlook TSLA appears set to test the long-term trendline. If that support holds, we could see a technical bounce back toward the short-term SMAs around 460+. A breakdown under the trendline would open the door toward 400 and lower. If so then 400 could be a good level to buy TESLA. 📝 My Plan Target entry: Look for price reaction around the trendline support (~420–430). Short coverage or scalp longs: If price shows rejections/candles like doji or bullish engulfing at the trendline. Breakdown watch: A close under ~415 could lead to deeper retracements toward 400 or the next Fib zones. If you enjoy and like clean, simple analysis — follow me for more. This is just my thinking and it is not invesment suggestion , please do not make any decision with my anaylsis. Have a lovely Sunday to all and hopefully green trade day for next Week. #SPX500 #NASDAQ #TSLA # TESLA