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

According to the chart of M5, #TSLA formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 355.48 and 350.25 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 523 pips. Outlook: If the upper border 355.48 is broken, the price is likely to continue its move by 352.52.

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 79, support level -47, and pattern’s width 507. Forecast If the price breaks through the support level 351.20, it is likely to move further down to 355.04.

The Triple Top pattern has formed on the chart of the #TSLA M30 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 200, support level -1102, and pattern’s width 1848. Forecast If the price breaks through the support level 329.79, it is likely to move further down to 346.77.

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 342.52, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 358 points.

The Triple Top pattern has formed on the chart of the #TSLA M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 341.51/342.52 with the upper limit 347.07/346.48; the projection of the width is 556 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 341.51, the price is most likely to continue the downward movement.