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

The Double Top pattern has been formed on #TSLA H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 413.74 is broken, the downward movement will continue.

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 442.79 is broken, the downward movement will continue.

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

The Triple Top pattern has formed on the chart of the #TSLA M15. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 440.38/441.82 with the upper limit 449.54/449.02; the projection of the width is 916 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 440.38, the price is most likely to continue the downward movement.

The Triple Top pattern has formed on the chart of the #TSLA M15 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 29, support level -411, and pattern’s width 984. Forecast If the price breaks through the support level 430.57, it is likely to move further down to 438.83.