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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 411.78, with the prospect of the next move being a projection of the flagpole height.

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 363.77, with the prospect of the next move being a projection of the flagpole height.

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 345.17, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 343 points.

The Double Bottom pattern has been formed on #TSLA M30. Characteristics: the support level 337.01; the resistance level 363.12; the width of the pattern 2611 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 2609 points.

The Double Bottom pattern has been formed on #TSLA H1. 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 363.12 is broken. The further movements will rely on the width of the current pattern 2611 points.