[UPDATE] Is the Cup and Handle Still Healthy?

Hey everyone, I wanted to update our TSLA's weekly cup and handle idea again.

With semiconductors and Nasdaq taking a hit after META’s reported work with Chinese chip companies, plus renewed geopolitical risk around the Strait, the cup and handle setup is starting to look less clean.

That said, geopolitical headlines and sudden company-direction shifts are hard to predict. So instead, I’m focusing on the technical levels retail traders can actually watch.

For now, I’m using the 4H FVG zone to set short-term bias.

Strong close above the FVG = bullish recovery case stays alive
Close back below the FVG = bearish structure returns

Key resistance: 430-453
Key support: 364-380

The setup is no longer looking clean. Nasdaq breadth is also weakening, with TSLA historically struggling when the NDX breadth indicator drops below 55.

TLDR: Still valid, but less healthy. Watch the stated support and resistance zones.

- Yang