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

The Bullish pennant graphic pattern has formed on the #TSLA M30 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 259.48.

According to M30, #TSLA is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 244.08/242.52 is broken out, the instrument is likely to move toward 242.82.

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 226.48/225.78.

The Triple Bottom pattern has formed on the chart of #TSLA M5. Features of the pattern: The lower line of the pattern has coordinates 226.48 with the upper limit 226.48/225.78, the projection of the width is 301 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 223.47, the price is most likely to continue the upward movement.

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 226.48/225.24.

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 226.48/225.24.

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 223.47; the projection of the flagpole height is equal to 1803 pips. In case the price breaks out the pattern’s bottom of 223.47, the downtrend is expected to continue for further level 223.17.

The Double Bottom pattern has been formed on #TSLA M5. 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 226.48 is broken. The further movements will rely on the width of the current pattern 301 points.

The Double Bottom pattern has been formed on #TSLA M5; the upper boundary is 226.48; the lower boundary is 223.73. The width of the pattern is 301 points. In case of a break of the upper boundary 226.48, 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. 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 244.62, a trader will be able to successfully enter the sell position.