FX.co ★ Actual patterns. Technical analysis and trading recommendations

The Double Bottom pattern has been formed on #TSLA M5; the upper boundary is 179.47; the lower boundary is 178.09. The width of the pattern is 151 points. In case of a break of the upper boundary 179.47, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

According to the chart of M5, #TSLA formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 187.25 and 181.04 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 621 pips. Outlook: If the upper border 187.25 is broken, the price is likely to continue its move by 184.04.

The Triple Bottom pattern has formed on the chart of #TSLA M5. Features of the pattern: The lower line of the pattern has coordinates 181.94 with the upper limit 181.94/180.47, the projection of the width is 276 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 179.18, the price is most likely to continue the upward movement.

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 167.60.

The Double Top reversal pattern has been formed on #TSLA M5. Characteristics: the upper boundary 170.50; the lower boundary 168.62; the width of the pattern is 173 points. Sell trades are better to be opened below the lower boundary 168.62 with a possible movements towards the 168.47 level.

The Bullish pennant pattern is formed on the #TSLA H1 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 167.20, a further uptrend is possible.

The Bullish pennant graphic pattern has formed on the #TSLA M15 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 167.91.

The Triple Bottom pattern has formed on the chart of #TSLA M15. Features of the pattern: The lower line of the pattern has coordinates 151.94 with the upper limit 151.94/150.73, the projection of the width is 344 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 148.50, the price is most likely to continue the upward movement.

The Bearish pennant pattern has formed on the #TSLA M30 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 148.19 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.

According to the chart of M15, #TSLA formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 158.06, the lower border is 153.53. The signal means that a short position should be opened after fixing a price below the lower border 153.53 of the Bearish Rectangle.