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

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.

According to the chart of M5, #TSLA formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 358.34 and 328.73 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 2961 pips. Outlook: If the upper border 358.34 is broken, the price is likely to continue its move by 344.69.

The Triple Top pattern has formed on the chart of the #TSLA M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 41, support level -327, and pattern’s width 762. Forecast If the price breaks through the support level 311.51, it is likely to move further down to 318.04.

The Bullish pennant signal – Trading instrument #TSLA M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 319.37, with the prospect of the next move being a projection of the flagpole height.

On the chart of #TSLA M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 298.68; the lower boundary 295.14; the width of the pattern 354 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 294.99 level.

The Triple Top pattern has formed on the chart of the #TSLA M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -63, support level -291, and pattern’s width 454. Forecast If the price breaks through the support level 284.53, it is likely to move further down to 288.58.

On the chart of #TSLA M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 289.07; the lower boundary 275.44; the width of the pattern 1363 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 275.29 level.

The Bullish pennant pattern is formed on the #TSLA M15 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 294.66, a further uptrend is possible.