Apr. 10 at 11:07 AM
Trader take on Tesla, Inc. (
$TSLA):
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$TSLA is deep in a corrective structure, but momentum is fading on the downside — that’s where things get interesting. I’m watching the
$158 zone closely as a potential exhaustion area; if that cracks,
$100–
$120 becomes the extreme flush scenario.
Here’s the key: risk/reward is starting to flip. Smart money doesn’t chase — it positions during fear. If buyers step in and reclaim key levels, this sets up for a high-velocity reversal.
A confirmed trend shift could ignite a massive impulsive move (wave 3 potential), and that’s where outsized gains are made.
Not calling the exact bottom — I’m watching for confirmation. But if this base forms, upside could get explosive fast.
