Tesla Technical Analysis: TSLA Contracting Triangle and Key LeveTesla, Inc.BATS:TSLAsdk-tradingTesla technical analysis of the monthly and weekly TSLA chart using Elliott Wave and Volume Profile. My current working scenario is a fourth-wave Contracting Triangle, with lower highs and higher lows gradually compressing the range. I look at the possible path toward $200, a rebound toward the $400-$420 area, another pullback around $250, and the conditions that could eventually lead to a break above $500. The larger TSLA range I am watching is roughly between $100 and $500. A sustained move above $500 would suggest that Tesla may be leaving this long corrective structure and starting the next larger upside phase. If price moves lower instead, $100 remains the major downside area I would watch. If the Contracting Triangle continues to develop, the range may tighten further before the eventual breakout. Wave E can also become more complex, which could extend this compression before the larger move begins. This is a technical scenario map, not a trade signal.