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

The Triple Top pattern has formed on the chart of the #TSLA M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -66, support level -29, and pattern’s width 169. Forecast If the price breaks through the support level 445.42, it is likely to move further down to 447.29.

According to the chart of M5, #TSLA formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 447.11, the lower border is 440.12. The signal means that a short position should be opened after fixing a price below the lower border 440.12 of the Bearish Rectangle.

According to the chart of M5, #TSLA formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 443.37/445.51 and upper border is 447.40/445.51. The pattern width is measured on the chart at -403 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 445.36.

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 456.22, a further uptrend is possible.

On the chart of the #TSLA M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 444.82, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 281 points.

The Bullish Flag pattern has been formed on #TSLA at M30. The lower boundary of the pattern is located at 445.17/442.17, while the higher boundary lies at 448.23/445.23. The projection of the flagpole is 1067 points. This formation signals that the upward trend is most likely to continue. Therefore, if the level of 448.23 is broken, the price will move further upwards.

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 448.53.

The Double Top reversal pattern has been formed on #TSLA M5. Characteristics: the upper boundary 442.05; the lower boundary 439.20; the width of the pattern is 271 points. Sell trades are better to be opened below the lower boundary 439.20 with a possible movements towards the 439.05 level.

According to the chart of M5, #TSLA formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 444.11 and 436.10 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 801 pips. Outlook: If the upper border 444.11 is broken, the price is likely to continue its move by 440.38.

The Bullish pennant graphic pattern has formed on the #TSLA M15 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 445.72.