Tesla… can we reclaim 378?!Tesla, Inc.BATS:TSLAErictaylorAlthough Tesla has been trading choppy recently, the overall structure still leans bullish. There is a heavy confluence of resistance from higher timeframes (1M / 6M) in the 383–387 zone, which is a major area to watch. On the broader chart, price continues to form higher highs and higher lows, and I can map out a rising wedge structure. We recently bounced off the uptrend support, which keeps the bullish structure intact for now. Previously, we were in a clear downtrend into the 350 support, and since then price has broken above that downtrend resistance, which is a significant shift in structure. ⸻ 🔑 Key Levels * 374 area → strong support * 376.60 → major level (must hold to maintain bullish bias) * 379 → short-term breakout level * 383–387 → heavy resistance zone ⸻ 🧠 Current Thesis This current price action could be a backtest of the breakout from the prior falling wedge. If price can: * Hold 376.60 as support * Break and hold above 379 * Start pressing into 383 👉 Then we have a real chance to test 387 ⸻ ⚠️ The Real Decision Zone 387 is the key level * This is where I expect major resistance and potential struggle * Not fully confident we clear it on first attempt ⸻ 🚀 Bullish Scenario If we: * Break and reclaim 387 as support 👉 Then upside opens toward: * 397 * 410 (over coming weeks/months) ⸻ ❌ Bearish Risk * Lose 376.60 👉 Structure weakens and this could turn into a failed breakout / deeper pullback ⸻ 💬 Summary “TSLA remains bullish structurally, but 383–387 is the battleground. What happens there will decide the next major move.”