Great to see $TSLA higher today after more than a week of selling.
There’s work to do, as TSLA has formed a near term downtrend. It’s important for TSLA to break above the near term downtrend line in the upper $460s and start reclaiming the golden fibs at $474.56 and $485.23.
More importantly, the bulls need to see a rally with increasing volume and CVD trending higher.
A rally with diminishing volume and CVD showing bearish divergence as price tests key resistance is a signal of distribution.
Keep in mind, since October 2025, the higher highs TSLA printed had diminishing volume with negative or flat CVD.
Price structure also suggests Wyckoff Distribution has been forming.
It makes a lot of sense for the big boys to slowly distribute after a big rally in 2025, as Tesla enters a seasonally slow period while still scaling Robotaxi, and lacking earnings growth.
So I think it’s likely we’ll see a re-accumulation phase in H1 2026 as the big boys reload at lower prices before Tesla rerates higher.
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- AaronJe·01-06TOPSolid analysis on Tesla's downtrend lah. Hope it breaks $460 soon! [看涨]LikeReport