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

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 422.68, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 688 points.

The Double Bottom pattern has been formed on #TSLA M15; the upper boundary is 389.85; the lower boundary is 385.16. The width of the pattern is 485 points. In case of a break of the upper boundary 389.85, 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 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 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.