Tesla – Symmetrical Triangle Breakout With 38% Upside PotentialTesla, Inc.BATS:TSLAKhaleelSulimanTesla (TSLA) has been consolidating for several months within a symmetrical triangle formation, bounded by a descending resistance trendline from the November 2024 high and an ascending support trendline from the April 2025 low. This consolidation has now resolved with a breakout above resistance, suggesting the start of a new bullish leg. Technical Breakdown: 1.Symmetrical Triangle Formation: •Price compressed into tighter ranges, with lower highs and higher lows converging. •Breakout occurred above the descending trendline, confirming bullish bias. 2.Volume Confirmation: •Breakout was accompanied by a noticeable uptick in buying volume, strengthening the validity of the move. •Historical patterns show Tesla often rallies strongly after high-volume breakouts from consolidation zones. 3.Support & Resistance Zones: •Immediate support: $336 (former resistance turned support, aligned with trendline retest). •Stronger support: $296 (previous demand zone, key invalidation level). •Resistance target: $465 (measured move from triangle breakout, aligning with prior swing levels). 4.Momentum Indicators: •Stochastic RSI is rebounding from oversold territory, suggesting fresh buying momentum. •MACD (not shown on chart but implied) likely supports bullish crossover given recent price action. 5.Risk-to-Reward Setup: •Entry: $340–$345 zone after breakout retest. •Stop Loss: Below $296 (breakdown invalidation). •Target: $465 (38% upside potential from current levels). •Risk/reward ratio favors long positions with significant asymmetry. Trade Thesis: The breakout from a well-defined symmetrical triangle suggests a continuation of Tesla’s mid-term bullish trend. The measured move projection points toward ~$465, representing a potential 38% rally from current prices. As long as price sustains above the $336–$340 support zone, bulls remain in control. A breakdown below $296 would invalidate this structure and open the door for a deeper retracement. Conclusion: Tesla has entered a critical bullish phase after months of consolidation. With volume confirmation, favorable risk-to-reward, and momentum recovery, the path of least resistance is higher. Upside targets sit near $465, with invalidation set at $296. TSLA