Short-term bounces toward $405 or even $421 are possible, but the broader expectation is continued downside. The bearish view remains intact as long as the price stays below the resistance zone between $421.20 and $431.45, a narrowing range that the market fell below about three weeks ago. Weakness is expected to persist through March and likely into April–May, with a downside target near $326.57, which represents the bottom of a long-term price channel. In the short term, the key level to watch is $405.63, the descending channel top. If #TSLA manages to close above $405.63, the market could rally toward the $421.20 level within one to two trading days, forming a quick swing trade. Note that $405.63 is a containment level for the current session, meaning it could cap the day’s highs before the market drifts lower again. In the near term, #Tesla could revisit $390.12 (the longer-term 3/8 Fibonacci retracement) intraday and consolidate within the wedge pattern before making its next move. If $405.63 is convincingly broken, the next upside target becomes $421.20, which marks the start of a broader resistance zone up to $431.45. Even if $TSLA reaches this range, it could contain buying pressure through April and May, after which the market may resume its decline toward the $326.57 target. The outlook would shift significantly if the market closes above $431.45, likely signaling that a major low is forming, potentially lasting through Q2 or even the rest of the year. For now, $TSLA remains structurally bearish below $421–$431, with rallies likely to be sold. Watch the $405.63 level closely. If you enjoyed this update, please like and share Watch the full #TSLA Trading Plan for Mar 10, 2026, in this short video