$Tesla Motors(TSLA)$ $Direxion Daily TSLA Bull 2X Shares(TSLL)$ $T-REX 2X LONG TESLA DAILY TARGET ETF(TSLT)$ 🔥📊🚨 $TSLA: Bull Pennant, Double Bottom, and a $1M Bet on the Future 🚨📊🔥
Tesla just triggered a perfect storm of momentum, flow, and narrative tension, and I’m positioned for the move. Here’s the updated setup that has me leaning long and laser focused on $305–$313.
📉 Price Action and Technicals
We now have a bull pennant on the 15-minute chart with a clean measured move 🎯targeting $308.62.
There’s also a double bottom confirmation at $300.81, sitting just above key moving average support.
The Elliott wave count points to a breakout impulse wave targeting 1.618 Fib extension at $313.09.
This aligns precisely with the volume gap seen on higher timeframes and the neckline of the larger inverse head and shoulders at $308.
🧠 Options Flow Just Turned Explosive
Institutional capital is showing its hand.
A $1.01M order hit the tape: 10,000 contracts on the $700 strike expiring 17 Oct 2025, filled at $1.01.
This isn’t just a high beta scalp, it’s a calculated macro-level positioning move tied to Tesla’s AI optionality, robotaxi expansion, and long-term re-rating potential.
🐂 Sentiment, Politics, and the Elon Factor
Dan Ives issued a 3-point plan calling for more oversight and a defined pay structure for Musk. Elon’s response? One line:
“Shut up, Dan.”
This post alone got 9,636 views in under 6 hours and reveals the tension between investor expectations and Musk’s strategic independence.
Love it or hate it, Tesla’s narrative has reignited. And it’s driving flows.
📉 Support Zones and Risk Lens
$300.81 is now the double bottom pivot, and the battleground between bull continuation and sentiment reversal.
Below that, I’m watching $297.30 and $289.34 for structural integrity.
If price holds above the pennant, $305 is the breakout line, then $308–$313 is in play quickly.
🧾 My Position and Plan
Still holding my core from $290–$300.
Added intraday exposure as the pennant formed.
I’ll trim if we fail the double bottom or drop below $297 on volume.
Otherwise, I’m riding momentum into $312–$315 and adjusting covered calls higher.
📊 Watchlist from Here
• Robotaxi pilot metrics and expansion
• Elon’s next public move, will xAI or Optimus get headline traction?
• 23 July earnings and FSD subscription rate
• Options flow into Friday OPEX
🔚 Conclusion
Tesla’s setup is textbook: bullish pennant, breakout volume, deep OTM institutional call buying, and public sentiment inflamed by Musk’s defiance. I’m tracking the $305 trigger and $313 Fib projection. This could escalate into something bigger.
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Trade like a boss! Happy trading ahead, Cheers, BC 📈🚀🍀🍀🍀
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