30-Minute Price Action
TSLA remains inside a descending triangle after an earlier breakout attempt toward $345.75.
* Resistance: $345.75 – repeated rejections, forming the triangle’s upper boundary.
* Support: $339.03 – near-term floor; $332.99 – key downside pivot.
* Indicators:
* MACD is attempting to recover from negative territory, showing early momentum shift but still lacking strong follow-through.
* Stoch RSI in the mid-to-high zone — room for continuation up if buyers push through resistance, but also vulnerable to a quick fade if rejected.
1-Hour GEX Insights
* Highest Positive NET GEX / Gamma Wall: $350 – strongest upside resistance zone.
* Key Call Walls Above: $347.5 (2nd gamma wall), $350 (primary wall), $355–$357.5 (3rd wall).
* Put Support: $327.5 (first gamma support) and $320 (major downside defense).
* IVR: 4.7 – very low implied volatility rank, making long options relatively cheap.
TA + GEX Combined Read
The 30m descending triangle structure is pressing TSLA into a decision point.
* The $345.75 resistance aligns closely with the $347.5 GEX wall — meaning bulls need strong volume to break out.
* A breakout above $347.5 opens a cleaner path toward the $350 gamma wall, where heavy hedging could either cap price or trigger a gamma squeeze to $355+.
* A failure to clear $345.75 combined with a break below $339 could invite sellers to push toward $332.99 and possibly $327.5 GEX support.
Trading Scenarios for August 13
* Bullish Breakout: Long calls or debit spreads above $347.5 targeting $350–$355.
* Bearish Breakdown: Puts or put spreads if $339 breaks, targeting $333 and $327.5.
* Sideways/Neutral: Credit spreads in the $339–$347 range could work given low IVR, but expect volatility if $347.5 breaks.
Reasoning The 30m chart’s descending triangle suggests consolidation before a larger move. The 1h GEX data confirms the critical nature of $347.5 and $350. A breach above these could accelerate buying via gamma squeeze mechanics, while a breakdown under $339 targets deeper GEX supports.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage risk appropriately before trading.
TSLA remains inside a descending triangle after an earlier breakout attempt toward $345.75.
* Resistance: $345.75 – repeated rejections, forming the triangle’s upper boundary.
* Support: $339.03 – near-term floor; $332.99 – key downside pivot.
* Indicators:
* MACD is attempting to recover from negative territory, showing early momentum shift but still lacking strong follow-through.
* Stoch RSI in the mid-to-high zone — room for continuation up if buyers push through resistance, but also vulnerable to a quick fade if rejected.
1-Hour GEX Insights
* Highest Positive NET GEX / Gamma Wall: $350 – strongest upside resistance zone.
* Key Call Walls Above: $347.5 (2nd gamma wall), $350 (primary wall), $355–$357.5 (3rd wall).
* Put Support: $327.5 (first gamma support) and $320 (major downside defense).
* IVR: 4.7 – very low implied volatility rank, making long options relatively cheap.
TA + GEX Combined Read
The 30m descending triangle structure is pressing TSLA into a decision point.
* The $345.75 resistance aligns closely with the $347.5 GEX wall — meaning bulls need strong volume to break out.
* A breakout above $347.5 opens a cleaner path toward the $350 gamma wall, where heavy hedging could either cap price or trigger a gamma squeeze to $355+.
* A failure to clear $345.75 combined with a break below $339 could invite sellers to push toward $332.99 and possibly $327.5 GEX support.
Trading Scenarios for August 13
* Bullish Breakout: Long calls or debit spreads above $347.5 targeting $350–$355.
* Bearish Breakdown: Puts or put spreads if $339 breaks, targeting $333 and $327.5.
* Sideways/Neutral: Credit spreads in the $339–$347 range could work given low IVR, but expect volatility if $347.5 breaks.
Reasoning The 30m chart’s descending triangle suggests consolidation before a larger move. The 1h GEX data confirms the critical nature of $347.5 and $350. A breach above these could accelerate buying via gamma squeeze mechanics, while a breakdown under $339 targets deeper GEX supports.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage risk appropriately before trading.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.