FX.co ★ Patterns #TSLA | Tesla, Inc. Stock Price

The Triple Top pattern has formed on the chart of the #TSLA M30 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 200, support level -1102, and pattern’s width 1848. Forecast If the price breaks through the support level 329.79, it is likely to move further down to 346.77.

On the chart of the #TSLA M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 342.52, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 358 points.

The Triple Top pattern has formed on the chart of the #TSLA M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 341.51/342.52 with the upper limit 347.07/346.48; the projection of the width is 556 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 341.51, the price is most likely to continue the downward movement.

According to the chart of M5, #TSLA formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 347.07 and 340.79 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 628 pips. Outlook: If the upper border 347.07 is broken, the price is likely to continue its move by 344.36.

The Bullish pennant signal – Trading instrument #TSLA M15, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 348.27, with the prospect of the next move being a projection of the flagpole height.

The Bullish Flag pattern has been formed on #TSLA at M5. The lower boundary of the pattern is located at 340.28/333.64, while the higher boundary lies at 347.74/341.10. The projection of the flagpole is 2934 points. This formation signals that the upward trend is most likely to continue. Therefore, if the level of 347.74 is broken, the price will move further upwards.

The Bullish pennant graphic pattern has formed on the #TSLA M5 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 347.89.

The Bearish pennant pattern has formed on the #TSLA M15 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 315.09 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.

The Triple Bottom pattern has formed on the chart of the #TSLA M15 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 344.29/333.50.

The Triple Bottom pattern has formed on the chart of the #TSLA M15 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 344.29/333.50.