The M5 and M15 time frames may have more false entry points.
FX.co ★ #TSLA M5: Triple Top
Signal strength 1 of 5
#TSLA M5: Triple Top
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.
*L'analyse de marché présentée est de nature informative et n'est pas une incitation à effectuer une transaction