Wednesday, February 25, 2026

Tesla's Messy Correction and 1 Chart Signal That Says We're Going to $380

The Chart Suggests One More Flush Could Complete This Messy Correction
 
   
     
🚨 I’ll be live at 11:30 a.m. ET 🚨
We’ll discuss Nvidia earnings today, what the expected move may be and more [tap to join us for Market Masters]
 
Tesla's Messy Correction and 1 Chart Signal That Says We're Going to $380

Have you ever watched a stock cling to support like it's hanging over a cliff? Tesla is doing exactly that, and the next move could be the one that finally clears out this messy correction. 

Today I'm covering why one chart signal is pointing straight at $380, and why that level matters more than traders think.

If you've been frustrated by the sideways chop, you're not alone. TSLA's price action has been stubborn, sloppy and oddly resilient, which is why this potential flush carries so much weight. Sometimes the market needs one last shakeout before the real move begins.

Get the full story, then join us live at 11:30 a.m. ET weekdays for Market Masters!

 
 
Understand What’s Driving This Setup
I’m also live at 9:15 a.m. ET weekdays for Morning Monster and at 5 p.m. Tuesdays for 30 Minutes of Awesome — bring your ticker and I’ll analyze it in real time!

Visit me @JeffryTurnmireTrading on YouTube.

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"Lotto Board Red Carpet" banner featuring Nate Tucci and Graham Lindman both smiling, live Saturday, February 28th at 11am ET.

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Wall Street’s Selling While Retail Is Buying — Are You Watching?
 
 
My take? Approach the market with caution over the next month or so.

Your setup should be one that doesn't keep you stuck in the market for days on end — and I've got one just like that you should see here…

 
 
A bar chart titled "Exhibit 12: Institutional clients were the biggest net sellers last week" showing Bank of America client net buying and selling for the week of February 9th to February 13th, 2026, with institutional clients highlighted in a red box for being the largest net sellers at over -$8,000 million.
Check This Out Before It’s Gone!
We develop tools and strategies to the best of our ability, but no one can guarantee the future. There is always a risk of loss when trading past performance is not indicative of future results. From 7/10/24 - 2/20/26 the result was a 74% win rate with an average hold time of less than 24 hours on the underlying stock.
 

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Today’s Daily Chart Setup: Xenon Pharmaceuticals (XENE)  
 
 
Daily candlestick chart for XENE showing price movement from November through late February. The chart includes green and red candles, an upward-sloping shaded support channel in orange, a purple horizontal resistance line near the mid-40s, and a green target line near the upper 40s. Arrows mark a prior high in early December and a recent low in mid-January, with price rebounding and approaching resistance.
This idea came directly from my Daily Chart Setup that automatically signals potential plays. 
 
XENE is a new potential entry. Target: 47.66 Stop below: 38.29
XENE has a historical win rate of 83.33%
XENE has a profit factor of 6.46
XENE trades last 62 trading days on average over 6 trades since 2014.

See the strategy behind these signals!

This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk. Always remember that past performance is not indicative of future results.


How the Daily Chart Setup Works

Here’s a more detailed description of how the pattern triggers:

 
1. The price breaks upward through the orange Market Roadmap line. 

 
2. Then the price goes up and down while staying above the line. Eventually, it comes down to touch the line again — this could take days, weeks or even months. 

 
3. Once it touches the line and starts moving back up, that signals an entry. 

I use Fibonacci levels for for profit targets and stop losses, and these two tools combined have helped me achieve a 77% win rate over the past six-plus years!
Jeffry Turnmire
Jeffry Turnmire Trading

I host my Morning Monster livestream at 9:15 a.m. ET weekdays on YouTube, and then 30 Minutes of Awesome at 5 p.m. ET each Tuesday!

Visit me @JeffryTurnmireTrading on YouTube.

You can also follow along and join the conversation for real-time analysis, trade ideas, market insights and more in my official Telegram channel!

Important Note: No one from the ProsperityPub team or Jeffry Turnmire Trading will ever message you directly on Telegram. 

I’m just a regular dude in Knoxville, Tennessee: a husband, father, civil engineer, urban farmer, maker and trader.

I've been at this trading thing with real money for 20-plus years, and started paper trading over 35 years ago. I have a knack for making some epic predictions that just may very well come true. Why share them? Because I like helping other people — it's the Eagle Scout in me.



*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk. 
   
 

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