FX.co - Actual patterns. Instrument: #TSLA: 39

There is nothing more precious to a trader than an ability to predict a further price movement. Technical analysis is a key to your successful transaction. At the same time, you can rely on common and recurring situations that arise in the same circumstances. Our Technical Analysis Patterns section features all trading recommendations based on the technical analysis patterns that help traders make projections and turn a profit.

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Figure:

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Triangle

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Timeframe:

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M5

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Signal strength:

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Signal direction:

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Buy

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#TSLA

#TSLA M5

Bearish pennant

The Bearish pennant pattern has formed on the #TSLA M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 153.22; the projection of the flagpole height is equal to 903 pips. In case the price breaks out the pattern’s bottom of 153.22, the downtrend is expected to continue for further level 153.07.

2024-04-16T13:51:13

#TSLA M15

Bearish pennant

The Bearish pennant pattern has formed on the #TSLA M15 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 161.01, a trader will be able to successfully enter the sell position.

2024-04-15T19:58:25

#TSLA M15

Bearish pennant

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 164.41 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.

2024-04-15T15:15:20

#TSLA D1

The Double Bottom pattern has been formed on #TSLA D1. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 183.99 is broken. The further movements will rely on the width of the current pattern 2371 points.

2024-04-12T13:30:18

#TSLA D1

The Double Bottom pattern has been formed on #TSLA D1; the upper boundary is 183.99; the lower boundary is 160.30. The width of the pattern is 2371 points. In case of a break of the upper boundary 183.99, 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.

2024-04-11T13:30:14

#TSLA M5

The Double Bottom pattern has been formed on #TSLA M5; the upper boundary is 171.81; the lower boundary is 170.31. The width of the pattern is 162 points. In case of a break of the upper boundary 171.81, 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.

2024-04-10T18:00:10

#TSLA M5

Bearish pennant

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 170.50, a trader will be able to successfully enter the sell position.

2024-04-10T15:09:58

#TSLA D1

The Double Bottom pattern has been formed on #TSLA D1. Characteristics: the support level 160.28; the resistance level 183.99; the width of the pattern 2371 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 2369 points.

2024-04-10T13:29:57

#TSLA M15

The Double Top pattern has been formed on #TSLA M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 171.95 is broken, the downward movement will continue.

2024-04-08T19:15:18

#TSLA M5

Bullish pennant

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 173.09, a further uptrend is possible.

2024-04-08T14:20:02