TSLA at a Turning Point: Cup & Handle Breakout or Breakdown?

The chart shows a clear Cup & Handle pattern forming on the daily timeframe. Price touched the descending resistance (blue line) and failed to break out, placing TSLA at a critical decision point.

Key Points:
• Main Resistance: 450–465 zone (descending trendline + neckline of pattern)
• Major Support: 395–400 zone
• The 50-day MA is currently acting as near-term resistance.

Bullish Scenario (If price breaks above 465)
A breakout with a daily close above 465 would likely trigger:
• Target 1: $500
• Target 2: $545
• Target 3: $600

Bearish Scenario (If 395 breaks)
A breakdown below 395 may lead to:
• Bearish Target 1: $360
• Target 2: $325

Suggested Stop-Loss:
• $394 (for long positions)