2026-01-09 19:56:49

Tesla Stock Technical Setup: Inverse Head & Shoulders Pattern Taking Shape

The inverse head and shoulders formation is continuing to develop on Tesla's chart, signaling potential upside momentum ahead. This reversal pattern has traditionally marked bullish turning points in markets.

The key level to watch is $488. A breakout above this resistance mark would confirm the pattern completion and likely trigger the anticipated upward move. Once price clears this zone, we could see meaningful momentum kick in.

For traders monitoring TSLA, this technical setup presents an interesting opportunity as the pattern nears its critical juncture. The confluence of technical support and this recognizable formation makes the next move particularly important.

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TxFailed

· 10h ago

ngl, "inverse head & shoulders" sounds like something i'd see right before my stop loss gets absolutely clapped. seen this pattern setup like 20 times, maybe twice it actually worked out 🤔 $488 resistance... technically speaking, that's where everyone and their bot is watching. which means, in retrospect, that's probably NOT where it breaks through lol

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BridgeJumper

· 10h ago

Is this level 488 really that critical? It feels like Tesla's move is either taking off or crashing down, with no middle ground.

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digital_archaeologist

· 11h ago

Is the 488 level really that critical? It seems like I hear this explanation every time.

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CantAffordPancake

· 01-09 23:33

You need to watch this level at 488; if it breaks, there's a chance.

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FadCatcher

· 01-09 20:25

Breaking below 488 is game over; how many times has this trick been played?

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ConfusedWhale

· 01-09 20:24

488 is indeed a critical level, but to be honest, technical analysis looks good, but whether it can break through really depends on the trading volume.

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MerkleTreeHugger

· 01-09 20:24

If it breaks below 488, I feel like it can push for a move. This kind of pattern has been quite accurate every time.

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ForkPrince

· 01-09 20:21

Whether this critical point at 488 breaks or not still seems to depend on what Elon Musk tweets that day...

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BridgeTrustFund

· 01-09 20:14

Buy after breaking 488? I think... we should first look at the trading volume. Looking good on the chart alone isn't very useful.