FX.co ★ Actual patterns. Technical analysis and trading recommendations

According to the chart of D1, #TSLA formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 337.01 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -13232 pips.

The Double Bottom pattern has been formed on #TSLA M5; the upper boundary is 381.15; the lower boundary is 378.56. The width of the pattern is 285 points. In case of a break of the upper boundary 381.15, 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.

The Bearish pennant pattern has formed on the #TSLA M15 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 376.24 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.

The Bearish pennant pattern has formed on the #TSLA M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 376.70 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.

According to the chart of D1, #TSLA formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 337.01/399.66 and upper border is 469.33/399.66. The pattern width is measured on the chart at -13232 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and #TSLA breaches the lower border, the price could continue its move toward 399.26.

The Triple Bottom pattern has been formed on #TSLA M30. It has the following characteristics: resistance level 419.73/412.91; support level 389.08/391.14; the width is 3065 points. In the event of a breakdown of the resistance level of 419.73, the price is likely to continue an upward movement at least to 390.57.

The Triple Bottom pattern has formed on the chart of #TSLA H1. Features of the pattern: The lower line of the pattern has coordinates 419.73 with the upper limit 419.73/412.91, the projection of the width is 3065 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 389.08, the price is most likely to continue the upward movement.

The Triple Bottom pattern has been formed on #TSLA M5. It has the following characteristics: resistance level 399.03/394.81; support level 392.54/391.14; the width is 649 points. In the event of a breakdown of the resistance level of 399.03, the price is likely to continue an upward movement at least to 392.71.

The Double Bottom pattern has been formed on #TSLA M5. Characteristics: the support level 392.54; the resistance level 399.03; the width of the pattern 649 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 647 points.

The Bearish pennant pattern has formed on the #TSLA M15 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 392.54, a trader will be able to successfully enter the sell position.