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

The Double Bottom pattern has been formed on #TSLA M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 219.39 is broken. The further movements will rely on the width of the current pattern 120 points.

The Bearish pennant pattern has formed on the #TSLA M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 212.78; the projection of the flagpole height is equal to 2634 pips. In case the price breaks out the pattern’s bottom of 212.78, the downtrend is expected to continue for further level 212.63.

The Double Top reversal pattern has been formed on #TSLA M5. Characteristics: the upper boundary 242.02; the lower boundary 232.13; the width of the pattern is 976 points. Sell trades are better to be opened below the lower boundary 232.13 with a possible movements towards the 231.98 level.

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 242.46, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 270 points.

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 244.40/248.07 with the upper limit 250.69/250.01; the projection of the width is 629 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 244.40, the price is most likely to continue the downward movement.