TSLA Bull Market Intact, Monthly BX Green, Short-Term Dip Possible
If you’re freaking out about $Tesla Motors(TSLA)$ right now, read this.🚨
The bull market is still alive, but we could see another 10% drop before the next rally
Last week we lost $420 support and the Weekly BX flipped red. 🔴
For months I’ve said that if TSLA breaks this volume profile shelf, we’ll likely fill the gap to $350 and that still looks like the worst-case scenario before the next move higher.
But here’s what everyone forgets:
The Monthly BX is still green and expanding. 🟢
When the weekly and daily timeframes pull back while the Monthly BX stays bullish, dips are usually bought and the macro cycle continues.
That’s why I’m still long-term bullish and still holding all my April calls.
And no, I’m not selling now just to try re-entering at $350.
There’s a 35% chance we don’t pull back and this was just a stop-hunt. With Monthly BX green, I’m not betting against macro strength.
My plan is simple:
• If we tag $350, I’ll average down
• If we don’t, my core position is already in
Still bullish long term.
Short term, we could see another 10–15% correction before this cycle continues.
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