Key Support Worked, but What’s Next for TSLA?

📈 Tesla on the Edge — Key Support Worked, but What’s Next for TSLA? 🔍

Earlier this year, we tagged a textbook support at $218, right on the lower boundary of this macro regression channel — and price respected it beautifully. We’re now trading +100% above that level, just below the $500 psychological barrier and brushing the 0.618 retracement from the all-time high.

Current Key Levels:
• Support: $394.41 and $380.55 — both dynamic mid-channel
• Resistance: $500.46 and upper channel at $545.92
• Fib Golden Ratio: 0.618 zone still acting as macro resistance

Price is clearly in a pause zone — not bearish yet, but no longer early either. The rally from $218 to $440+ matured fast. Momentum may need to cool off unless we get new catalyst fuel.

🔋 Enter the newsflow:
Tesla is pushing hard on a dual front — lower vehicle prices (Model 3 Standard) to protect sales volume, and ambitious bets on AI + autonomy (FSD 14.2, robotaxi rollout). Musk’s recent push to allow "texting while driving" under FSD has regulators watching closely — and so are we.

This means Tesla isn’t just reacting — it’s recalibrating. The market’s trust in these moonshots (robotaxi, Optimus, autonomy) could define the next leg.

Bull Path? Break $500–545 and Tesla could target $627 or even $780+
Bear Path? Lose $394–380 and we likely retest the $275 zone

📉 For now, I expect sideways compression between $380–500 as macro narrative battles chart structure.

Thought of the Day 💡

Most traders get stuck chasing late moves. But if you map the macro channel, learn to wait for value zones, and stay calm when price goes vertical — you’ll separate yourself from the herd. TSLA’s big move already happened. Now comes the patience game.

Disclaimer: What you read here is not financial advice — it’s high-level market philosophy from the FXPROFESSOR himself. Risk is real, and your capital is your responsibility. Learn, adapt, evolve.