FX.co ★ #TSLA M5: Triple Bottom

The Triple Bottom pattern has formed on the chart of #TSLA M5. The lower boundary is at 307.77, while the upper boundary is at 312.32/311.71. The projected width is 422 points. The formation of the Triple Bottom pattern most likely indicates a change from a downward to an upward trend. If the confirmation resistance at 312.32 is broken, the price is likely to continue upward.