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

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 496.47, a further uptrend is possible.

The Bullish pennant signal – Trading instrument #TSLA M30, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 490.58, with the prospect of the next move being a projection of the flagpole height.

The Bullish Flag pattern which signals continuation of a trend has been formed on the chart #TSLA M30. Forecast: if the price breaks above the pattern high at 490.58, then traders will be able to place a long deal with the target at 490.88.

According to the chart of M15, #TSLA formed the Head and Shoulders pattern. The Head’s top is set at 494.99 while the median line of the Neck is found at 475.36/473.99. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of #TSLA will go towards 473.77.

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.