Tesla has confirmed a breakdown from its multi-year rising wedge, signaling a potential shift in the higher-timeframe structure after an extended bullish cycle. Price is now trading below the former wedge support, which has turned into dynamic resistance, while the broader supply zone continues to cap upside momentum.

The next area of interest lies around the major demand zone at 135.71, where it converges with the higher-timeframe ascending trendline. This confluence creates a high-probability reaction zone that could determine Tesla's next macro move. Until buyers reclaim the supply zone and invalidate the breakdown above 497.49, the broader bias remains corrective.

WESLAD RESEARCH™
Probability Over Prediction.