TSLA Chart analysis -Daily Falling wedge BreakDown Target done

This is a daily candlestick chart of Tesla Inc. (TSLA) with some technical analysis annotations. Here’s a breakdown of the key insights:

### **1. Price Action and Pattern:**
- The chart shows a descending triangle pattern that broke downwards.
- After breaking down from the triangle, the price dropped by **-113.47 points (-31.11%)** from the breakdown point.

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### **2. Key Gap Zones:**
- ✅ **Gap 255 – 275 Range**
- Price recently filled or tested this gap zone.
- Currently consolidating near this range.

- ✅ **Gap 242 – 218 Range**
- If the price breaks below the current zone, the next key support is in this lower gap range.

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### **3. Volume Profile:**
- High volume nodes are visible around **326–275**, suggesting strong historical trading activity (potential resistance).
- Current price near **262.67** shows declining volume, indicating possible indecision or lack of strong buying interest.

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### **4. Support and Resistance Levels:**
- **Support:**
- Around **250.71** (previous low)
- Next major support at **209.84**

- **Resistance:**
- **273.35** (prior support turned resistance)
- **325.61 – 326.46** (volume profile resistance)

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### **5. Volume Trend:**
- Volume has been elevated during the recent sell-off, indicating strong selling pressure.
- A reversal would need to see increased green volume and a hold above the 255–275 range.

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### ✅ **Outlook:**
- If the price holds above **255**, a bounce toward **273–275** is possible.
- A break below **250** could trigger further downside toward the **242–218** range.
- Watch for volume confirmation and reaction near support/resistance zones for directional bias.

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