๐ $TSLA Compression Play: Triangle + Catalyst = Opportunity
Tesla is coiling into a classic symmetrical triangle as we head into a pivotal earnings week. With sentiment heating up on X, unusual options activity, and a $36M call sweep on the $350C strike, weโre setting up for a directional move โ and Iโm getting positioned now.
Why This Setup Makes Sense:
Tesla ($TSLA) is compressing tightly between $318 and $330, forming a symmetrical triangle that typically precedes a breakout. This pattern coincides with:
Earnings on July 23, which historically spark price action not from beats, but from Elonโs commentary โ especially on autonomy
Sentiment on X trending bullish despite weak analyst forecasts
Volume profile support at $310โ320 and prior highs around $350 creating a clear breakout zone
Options flow with large bullish positioning (notably the $36M buy of $350C for Aug)
Weโre playing this with a defined-risk strategy and giving it 4 weeks to move โ not a 1-week gamble.


