FX.co ★ #TSLA M5: Bearish pennant

The Bearish pennant pattern has formed on the #TSLA M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 212.78; the projection of the flagpole height is equal to 2634 pips. In case the price breaks out the pattern’s bottom of 212.78, the downtrend is expected to continue for further level 212.63.