The analysis discusses Tesla's (TSLA) market using a 5.5-year weekly bar chart. It notes resistance around the low to upper 350s. The rising channel top is at 348.00. A weekly containment level is at 307.44, with a 2 to 3-week target of 305.57. 323.58 is session containment, and resistance is noted at 338.20. The analysis suggests scaling into short positions with a stop loss and reversing above 358.58. An additional zone is defined by 277.60 and 254.84 for scaling into long positions, with potential for a bottom around 305.57 into September. Concluding below 254.84 indicates further decline, expecting $160 in the longer term. 348.00 is overhead resistance.