FX.co ★ Modèles réels. Analyse technique et recommandations de trading

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.

According to the chart of M5, #TSLA formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 347.07 and 340.79 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 628 pips. Outlook: If the upper border 347.07 is broken, the price is likely to continue its move by 344.36.

The Bullish pennant signal – Trading instrument #TSLA M15, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 348.27, with the prospect of the next move being a projection of the flagpole height.