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

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.

According to the chart of M15, #TSLA formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 457.28 and support 453.56. In case the resistance level 457.28 - 457.28 is broken, the instrument is likely to follow the bullish trend.

The Triple Top pattern has formed on the chart of the #TSLA M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 31, support level -179, and pattern’s width 336. Forecast If the price breaks through the support level 453.03, it is likely to move further down to 457.13.

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 456.61.

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 454.21, a further uptrend is possible.

The Double Bottom pattern has been formed on #TSLA M5; the upper boundary is 445.03; the lower boundary is 441.08. The width of the pattern is 432 points. In case of a break of the upper boundary 445.03, 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.