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

The Double Top pattern has been formed on #TSLA M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 352.45 is broken, the downward movement will continue.

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 352.45, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 361 points.

The Double Bottom pattern has been formed on #TSLA M5; the upper boundary is 347.47; the lower boundary is 344.68. The width of the pattern is 286 points. In case of a break of the upper boundary 347.47, 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 Double Bottom pattern has been formed on #TSLA M5; the upper boundary is 358.14; the lower boundary is 347.23. The width of the pattern is 1052 points. In case of a break of the upper boundary 358.14, 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.

According to the chart of M5, #TSLA formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 332.17 is likely to encourage a continuation of the downward trend.