Tesla Testing Fibonacci Support as Correction Nears CompletionTesla, Inc.BATS:TSLAew-forecastTesla has pulled back nearly 30% from recent highs, but the internal structure of the decline still appears corrective rather than impulsive. The price action is unfolding in a multi-swing move, suggesting a potential seven-wave corrective pattern rather than a full trend reversal. The stock is now approaching a key technical area between the 50% and 61.8% Fibonacci retracement of the rally from the April 2025 lows. This zone is structurally important and often acts as a reaction point in ongoing bullish trends. Early signs of stabilization are already visible, with price attempting to recover outside of the prior corrective channel, hinting that buyers may be stepping back in. If this support holds, Tesla could still see another upward leg, potentially completing wave C of a broader wave five within an ending diagonal structure. Highlights: • Decline still appears corrective, likely a multi-swing structure. • Price is reacting at the 50%–61.8% Fibonacci retracement zone. • Break above 436 confirms bullish continuation. • Drop below 337 risks deeper correction toward 200–150.