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

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 438.13, a further uptrend is possible.

The Double Bottom pattern has been formed on #TSLA M5. Characteristics: the support level 437.72; the resistance level 440.02; the width of the pattern 230 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 243 points.

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 436.04; the projection of the flagpole height is equal to 1301 pips. In case the price breaks out the pattern’s bottom of 436.04, the downtrend is expected to continue for further level 435.82.

The #TSLA M15 formed the Head and Shoulders pattern with the following features: The Head’s top is at 452.18, the Neckline and the upward angle are at 443.86/445.06. 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 444.83.

The Triple Bottom pattern has formed on the chart of the #TSLA M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 427.64/425.65.

On the chart of #TSLA M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 440.56; the lower boundary 438.80; the width of the pattern 176 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 438.65 level.

According to the chart of H1, #TSLA formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 424.23 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -3691 pips.

On the chart of #TSLA M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 436.63; the lower boundary 424.23; the width of the pattern 1240 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 424.08 level.

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 432.12, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 574 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 432.12 is broken, the downward movement will continue.