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

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 267.51 is broken. The further movements will rely on the width of the current pattern 588 points.

The Double Bottom pattern has been formed on #TSLA M5; the upper boundary is 267.51; the lower boundary is 261.86. The width of the pattern is 588 points. In case of a break of the upper boundary 267.51, 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 Triple Bottom pattern has formed on the chart of the #TSLA M15 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 306.12/303.79.

The Triple Bottom pattern has been formed on #TSLA M15. It has the following characteristics: resistance level 306.12/303.79; support level 298.75/298.14; the width is 737 points. In the event of a breakdown of the resistance level of 306.12, the price is likely to continue an upward movement at least to 297.26.

The Triple Bottom pattern has been formed on #TSLA M5. It has the following characteristics: resistance level 306.20/306.12; support level 298.75/301.47; the width is 745 points. In the event of a breakdown of the resistance level of 306.20, the price is likely to continue an upward movement at least to 301.65.

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 306.20/306.12.

The Double Top pattern has been formed on #TSLA M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 336.34 is broken, the downward movement will continue.

According to the chart of M5, #TSLA formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 390.34 and 379.58 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 1076 pips. Outlook: If the upper border 390.34 is broken, the price is likely to continue its move by 384.07.

According to the chart of M15, #TSLA formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 374.21 is likely to encourage a continuation of the downward trend.

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 374.21, a trader will be able to successfully enter the sell position.