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 439.25; the lower boundary 433.72; the width of the pattern 553 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 433.57 level.

The Double Top reversal pattern has been formed on #TSLA M5. Characteristics: the upper boundary 439.58; the lower boundary 435.07; the width of the pattern is 450 points. Sell trades are better to be opened below the lower boundary 435.07 with a possible movements towards the 434.92 level.

The Double Bottom pattern has been formed on #TSLA M15. Characteristics: the support level 414.53; the resistance level 424.59; the width of the pattern 1006 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 982 points.

The Bearish Flag pattern has been formed on the chart #TSLA M5. Therefore, the downwards trend is likely to continue in the nearest term. As soon as the price breaks below the low at 420.01, traders should enter the market.

The Bearish pennant pattern has formed on the #TSLA M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 420.01; the projection of the flagpole height is equal to 1991 pips. In case the price breaks out the pattern’s bottom of 420.01, the downtrend is expected to continue for further level 419.86.

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 438.13, a further uptrend is possible.

The Double Bottom pattern has been formed on #TSLA M5. Characteristics: the support level 437.72; the resistance level 440.02; the width of the pattern 230 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 243 points.

The Bearish pennant pattern has formed on the #TSLA M15 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 436.04; the projection of the flagpole height is equal to 1301 pips. In case the price breaks out the pattern’s bottom of 436.04, the downtrend is expected to continue for further level 435.82.

The #TSLA M15 formed the Head and Shoulders pattern with the following features: The Head’s top is at 452.18, the Neckline and the upward angle are at 443.86/445.06. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of #TSLA will go towards 444.83.

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 427.64/425.65.