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

On the chart of the #TSLA M5 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 345.17, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 343 points.

The Double Bottom pattern has been formed on #TSLA M30. Characteristics: the support level 337.01; the resistance level 363.12; the width of the pattern 2611 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 2609 points.

The Double Bottom pattern has been formed on #TSLA H1. 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 363.12 is broken. The further movements will rely on the width of the current pattern 2611 points.

The Double Top reversal pattern has been formed on #TSLA M5. Characteristics: the upper boundary 365.79; the lower boundary 361.49; the width of the pattern is 418 points. Sell trades are better to be opened below the lower boundary 361.49 with a possible movements towards the 361.34 level.

The Bearish pennant pattern has formed on the #TSLA M15 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 383.36; the projection of the flagpole height is equal to 1719 pips. In case the price breaks out the pattern’s bottom of 383.36, the downtrend is expected to continue for further level 383.14.

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 393.83; the projection of the flagpole height is equal to 1181 pips. In case the price breaks out the pattern’s bottom of 393.83, the downtrend is expected to continue for further level 393.68.

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 393.91; the projection of the flagpole height is equal to 1173 pips. In case the price breaks out the pattern’s bottom of 393.91, the downtrend is expected to continue for further level 393.76.

On the chart of the #TSLA M15 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 401.19, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 641 points.

The Double Top pattern has been formed on #TSLA M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 390.77 is broken, the downward movement will continue.

The Bearish pennant pattern has formed on the #TSLA M30 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 382.04; the projection of the flagpole height is equal to 2108 pips. In case the price breaks out the pattern’s bottom of 382.04, the downtrend is expected to continue for further level 381.74.