$TSLA

Tesla is currently showing signs of a potential trend exhaustion on the monthly timeframe after a strong bullish leg. Price recently faced rejection near the $480–$500 resistance zone, and initiating a pullback.
The structure suggests a possible ABC corrective pattern, with price now moving into the C-leg downside. If this plays out, the next key area to watch is the $190–$249 support zone, which aligns with previous structure and the rising moving average.
In the near term, $370–$400 acts as immediate resistance, and failure to reclaim this zone could keep bearish pressure intact. A sustained move below current levels increases the probability of a deeper correction.
Overall bias: Bull to bearish / long-term bullish above major support. but can test Monthly Demand Zone