Tesla (TSLA) Bearish Rejection Signals Further Downside

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Tesla (TSLA) Bearish Rejection Signals Further DownsideTesla, Inc.BATS:TSLASMART_MONEY_CIRCLE Tesla (TSLA) is showing a bearish structure on the 1-hour timeframe after failing to sustain momentum near the major resistance zone around $445. The price has been rejected from higher levels and is now trading below the Ichimoku Cloud resistance, indicating weakening bullish strength. Recent price action suggests a pullback within a broader downtrend, with sellers defending the key resistance area. As long as TSLA remains below the cloud and nearby resistance levels, downside pressure is likely to persist. 🎯 **Target:** **$394.56** A continued rejection from current levels could drive the price toward the highlighted support target at **$394.56**. A decisive break above the cloud resistance would invalidate the bearish outlook and signal potential recovery.