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

The Double Bottom pattern has been formed on #TSLA M5. Characteristics: the support level 408.39; the resistance level 410.90; the width of the pattern 251 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 261 points.

According to the chart of M30, #TSLA formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 400.29 is likely to encourage a continuation of the downward trend.

The Double Top pattern has been formed on #TSLA M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 411.71 is broken, the downward movement will continue.

The Triple Bottom pattern has formed on the chart of the #TSLA M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 417.59/416.51.

The Double Bottom pattern has been formed on #TSLA M5; the upper boundary is 419.51; the lower boundary is 417.02. The width of the pattern is 260 points. In case of a break of the upper boundary 419.51, 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.