TSLA Bearish Pullback Toward Key Demand Zone

Jun 4

TSLA is showing signs of weakness after failing to sustain its previous bullish channel breakout. Price has moved below the Ichimoku cloud resistance and is consolidating under a key supply area, suggesting that sellers remain in control in the short term.

The chart highlights a potential bearish continuation scenario, with price likely to retrace toward the major demand zone around **398.52**. This level has previously attracted buying interest and could act as a strong support area if the decline continues.

🎯 **Target:** 398.52
📉 **Bias:** Bearish
⚠️ **Invalidation:** A sustained move back above the recent resistance zone around **435–445** would weaken the bearish outlook and signal renewed bullish momentum.

Jun 5

Trade active

my given target is achieved

Jun 8

Trade closed: target reached

my given target is achieved