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

The Double Top reversal pattern has been formed on #TSLA M5. Characteristics: the upper boundary 414.28; the lower boundary 410.83; the width of the pattern is 346 points. Sell trades are better to be opened below the lower boundary 410.83 with a possible movements towards the 410.68 level.

The Bullish Flag pattern which signals continuation of a trend has been formed on the chart #TSLA M5. Forecast: if the price breaks above the pattern high at 415.01, then traders will be able to place a long deal with the target at 415.16.

The Bullish pennant pattern is formed on the #TSLA M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 415.01, a further uptrend is possible.

The Double Top pattern has been formed on #TSLA M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 408.49 is broken, the downward movement will continue.

On the chart of #TSLA M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 408.89; the lower boundary 406.39; the width of the pattern 250 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 406.24 level.

According to the chart of M5, #TSLA formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 418.08 is likely to encourage a continuation of the downward trend.

The Bearish pennant pattern has formed on the #TSLA M5 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 413.64, a trader will be able to successfully enter the sell position.

On the chart of #TSLA M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 439.25; the lower boundary 433.72; the width of the pattern 553 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 433.57 level.

The Double Top reversal pattern has been formed on #TSLA M5. Characteristics: the upper boundary 439.58; the lower boundary 435.07; the width of the pattern is 450 points. Sell trades are better to be opened below the lower boundary 435.07 with a possible movements towards the 434.92 level.

The Double Bottom pattern has been formed on #TSLA M15. Characteristics: the support level 414.53; the resistance level 424.59; the width of the pattern 1006 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 982 points.