$TSLA Bullish Pennant Forming on Daily – Breakout Loading?

5 ก.ค.

Tesla (TSLA) is currently trading within a bullish pennant formation on the daily timeframe — and this one is textbook.

It entered the pennant from lower prices, forming a clear flagpole. Since then, price has been compressing between:

📉 Two descending resistance levels → Lower highs
📈 Two ascending support levels → Higher lows

This symmetrical tightening creates a classic bullish continuation setup — if the breakout confirms. Also found support at horizontal level of support/resistance $229.

What I’m watching:

⇒ Break above pennant resistance with volume

⇒ Reaction to any macro or Tesla-specific news during this compression (earnings July 23)

TSLA has a habit of explosive moves after consolidation. Keep this one on high alert.

#TSLA #Tesla #technicalanalysis #bullishpennant #tradingview #DisciplineTrading

17 ก.ค.

บันทึก

Update the pennant trendline and still holding, as Tesla moves towards $325 with about a week to earnings.