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

The #TSLA M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 488.26, the Neckline and the upward angle are at 473.24/471.68. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of #TSLA will go towards 471.53.

On the chart of the #TSLA M30 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 457.45, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 2627 points.

According to the chart of M30, #TSLA formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 483.72, the lower border is 457.45. The signal means that a long position should be opened above the upper border 483.72 of the Bullish Rectangle.

According to the chart of M15, #TSLA formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 457.45 – 457.45 and upper border 483.72 – 483.72. In case the upper border is broken, the instrument is likely to follow the upward trend.

On the chart of #TSLA M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 482.18; the lower boundary 457.45; the width of the pattern 2473 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 457.15 level.

The Double Top reversal pattern has been formed on #TSLA H1. Characteristics: the upper boundary 483.72; the lower boundary 457.45; the width of the pattern is 2473 points. Sell trades are better to be opened below the lower boundary 457.45 with a possible movements towards the 457.05 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 -77, support level -1, and pattern’s width 463. Forecast If the price breaks through the support level 455.61, it is likely to move further down to 461.02.

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 419.00, a further uptrend is possible.

The Bullish Flag pattern has been formed on #TSLA at H1. The lower boundary of the pattern is located at 403.51/392.71, while the higher boundary lies at 414.45/403.65. The projection of the flagpole is 3217 points. This formation signals that the upward trend is most likely to continue. Therefore, if the level of 414.45 is broken, the price will move further upwards.

The Bullish pennant graphic pattern has formed on the #TSLA H1 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 414.85.