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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.

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 345.17, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 343 points.

The Double Bottom pattern has been formed on #TSLA M30. Characteristics: the support level 337.01; the resistance level 363.12; the width of the pattern 2611 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 2609 points.

The Double Bottom pattern has been formed on #TSLA H1. 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 363.12 is broken. The further movements will rely on the width of the current pattern 2611 points.

The Double Top reversal pattern has been formed on #TSLA M5. Characteristics: the upper boundary 365.79; the lower boundary 361.49; the width of the pattern is 418 points. Sell trades are better to be opened below the lower boundary 361.49 with a possible movements towards the 361.34 level.