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

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 417.59/416.51.

The Double Bottom pattern has been formed on #TSLA M5; the upper boundary is 419.51; the lower boundary is 417.02. The width of the pattern is 260 points. In case of a break of the upper boundary 419.51, 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 Double Top reversal pattern has been formed on #TSLA H1. Characteristics: the upper boundary 435.99; the lower boundary 419.81; the width of the pattern is 1611 points. Sell trades are better to be opened below the lower boundary 419.81 with a possible movements towards the 419.41 level.

The Bullish pennant graphic pattern has formed on the #TSLA M5 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 424.43.

The Double Top reversal pattern has been formed on #TSLA M5. Characteristics: the upper boundary 425.16; the lower boundary 419.78; the width of the pattern is 537 points. Sell trades are better to be opened below the lower boundary 419.78 with a possible movements towards the 419.63 level.

According to the chart of M5, #TSLA formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 420.98 and support 416.89. In case the resistance level 420.98 - 420.98 is broken, the instrument is likely to follow the bullish trend.

According to the chart of M15, #TSLA formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 416.89 – 416.89 and upper border 420.98 – 420.98. In case the upper border is broken, the instrument is likely to follow the upward trend.

On the chart of #TSLA M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 414.30; the lower boundary 410.83; the width of the pattern 347 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 410.61 level.

The Double Top reversal pattern has been formed on #TSLA M5. Characteristics: the upper boundary 414.28; the lower boundary 410.83; the width of the pattern is 346 points. Sell trades are better to be opened below the lower boundary 410.83 with a possible movements towards the 410.68 level.

The Bullish Flag pattern which signals continuation of a trend has been formed on the chart #TSLA M5. Forecast: if the price breaks above the pattern high at 415.01, then traders will be able to place a long deal with the target at 415.16.