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

#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 176.06; the projection of the flagpole height is equal to 386 pips. In case the price breaks out the pattern’s bottom of 176.06, the downtrend is expected to continue for further level 175.91.
2024-03-28

#TSLA M5

Double Top
The Double Top reversal pattern has been formed on #TSLA M5. Characteristics: the upper boundary 170.93; the lower boundary 169.98; the width of the pattern is 92 points. Sell trades are better to be opened below the lower boundary 169.98 with a possible movements towards the 169.83 level.
2024-03-25

#TSLA M5

Double Bottom
The Double Bottom pattern has been formed on #TSLA M5. 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 170.46 is broken. The further movements will rely on the width of the current pattern 199 points.
2024-03-22

#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 173.91, a further uptrend is possible.
2024-03-20

#TSLA M5

Double Top
The Double Top reversal pattern has been formed on #TSLA M5. Characteristics: the upper boundary 173.50; the lower boundary 172.21; the width of the pattern is 124 points. Sell trades are better to be opened below the lower boundary 172.21 with a possible movements towards the 172.06 level.
2024-03-18

#TSLA M15

Double Bottom
The Double Bottom pattern has been formed on #TSLA M15; the upper boundary is 182.41; the lower boundary is 179.96. The width of the pattern is 260 points. In case of a break of the upper boundary 182.41, 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.
2024-01-25

#TSLA M15

Double Bottom
The Double Bottom pattern has been formed on #TSLA M15. Characteristics: the support level 179.81; the resistance level 182.41; the width of the pattern 260 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 245 points.
2024-01-25

#TSLA M15

Double Bottom
The Double Bottom pattern has been formed on #TSLA M15. 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 182.41 is broken. The further movements will rely on the width of the current pattern 260 points.
2024-01-25

#TSLA M5

Triple Bottom
The Triple Bottom pattern has been formed on #TSLA M5. It has the following characteristics: resistance level 210.69/210.22; support level 208.61/208.73; the width is 208 points. In the event of a breakdown of the resistance level of 210.69, the price is likely to continue an upward movement at least to 208.51.
2024-01-22

#TSLA M5

Triple Bottom
The Triple Bottom pattern has formed on the chart of #TSLA M5. Features of the pattern: The lower line of the pattern has coordinates 210.69 with the upper limit 210.69/210.22, the projection of the width is 208 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 208.61, the price is most likely to continue the upward movement.
2024-01-22