TSLA Short

On TSLA (15m), the broader market structure has been bearish overall, as shown by the strong selloff from the late-August highs above 367 into early September. Recently, however, price formed a CHoCH at 357.48, signaling that buyers managed to regain temporary control after defending mid-range demand. This structural shift suggests a short-term bullish correction within a larger bearish context.

The supply zones overhead near 357–360 remain untested and strong, as this is where sellers previously initiated sharp declines. Meanwhile, the demand levels between 336–340 absorbed selling pressure effectively, producing a decisive rally, but their strength is not yet proven over multiple retests. The deeper demand cluster around 320–322 remains the major downside magnet, as buyers stepped in with heavy momentum there before driving price back up.

Currently, price is trading just below 356, pushing into supply after a strong impulsive leg higher. The projection marked on the chart suggests price may first extend into 357–360 supply before sellers look to re-engage. If rejection confirms here, the likely path is a decline back toward the 340–336 demand pocket, and if that fails to hold, continuation toward the 320 major demand base becomes probable.

The trade bias is bearish overall, with an expectation of a near-term bullish extension into supply before reversal. The key invalidation level for this bearish outlook is a sustained break and close above 367, which would signal buyers have taken full structural control. Momentum currently favors buyers in the very short term, given the aggressive rally from recent lows, but unless supply is broken, this should be viewed as corrective. No major catalyst is present at the moment, so the move is technically driven.