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07-08

$Tesla Motors(TSLA)$ $Direxion Daily TSLA Bull 2X Shares(TSLL)$ $T-REX 2X LONG TESLA DAILY TARGET ETF(TSLT)$ 🔥📊🚨 $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.

📢 Don’t miss out! Like, Repost and Follow me for exclusive setups, cutting-edge trends, and insights that move markets 🚀📈 I’m obsessed with hunting down the next big movers and sharing strategies that crush it. Let’s outsmart the market and stack those gains together! 🍀

Trade like a boss! Happy trading ahead, Cheers, BC 📈🚀🍀🍀🍀

@Tiger_comments @TigerWire @TigerPicks @TigerStars @TigerObserver @Daily_Discussion 

Tesla Rises for 5 Straight Days! Is This Rally Nearing Its End?
CEO Elon Musk provided an update on the company's robotaxi fleet on Sunday, and new data could suggest that its electric vehicle (EV) sales trends are improving. Fresh data on Tesla's order backlog shows Model Y wait times stretching to four-to-six weeks, up from one-to-three earlier this summer. The jump suggests rising demand, likely fueled by buyers rushing to secure the soon-to-expire $7,500 federal tax credit. Tesla has risen for 5 straight days. ----------- Is this rally nearing the end? Can Tesla break $350 or not?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • zuzu99
    07-09
    zuzu99
    Tesla's set up sounds exciting
  • snoozii
    07-09
    snoozii
    Bullish vibes! 🚀
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