TSLA

The current market data and candlestick patterns suggest a bearish trend for TSLA. The stock is currently trading at $352.25, down 1.10% on the day. The 1-minute chart shows a clear downtrend in the recent 20 candles, with the price consistently making lower highs and lower lows. The volume in the last 10 minutes indicates significant selling pressure, particularly during the initial decline. The 5-minute chart similarly confirms the bearish trend, indicating a consolidation/downtrend pattern. The price is struggling to break above the opening price of recent candles. Furthermore, the current price is below the opening price of many of the 1-minute candles, which supports the bearish momentum. Overall the price action favors a short position. The recent high around $356 is clearly rejecting a retest of that area as resistance.