FX.co ★ Actual patterns. Technical analysis and trading recommendations
Actual patterns
Triple Top
The Triple Top reversal pattern has formed on the #TSLA M5 chart. Its upper boundary is at 407.23/408.17, its lower boundary is at 404.82/404.97, and its current width is 174 points. If the confirmation support at 404.82 is broken, that width can be used to project the downward move.
Bullish Rectangle
The Bullish Rectangle has formed on the #TSLA M5 chart. This pattern indicates a likely continuation of the trend. Its resistance is at 397.00 and its support is at 393.26. A breakout above the resistance zone at 397.00–397.00 is likely to signal a continuation of the bullish trend.
Bullish Rectangle
The Bullish Rectangle has formed on the #TSLA M5 chart and indicates a likely continuation of the trend. Its upper boundary is at 397.00 and its lower boundary is at 393.26. A long position may be considered after the price breaks above the upper boundary at 397.00 of the Bullish Rectangle.
Triple Top
The Triple Top pattern has formed on the chart of the #TSLA M5 trading instrument. It is a reversal pattern with resistance at 396.69/396.11, support at 393.34/394.32, and a width of 335 points. A break below the confirmation support at 393.34 may signal further downward movement.
Bullish Pennant
A Bullish Pennant continuation signal has formed on the #TSLA M5 chart. A long position may be considered above the pattern high at 396.41, with the projected move based on the height of the flagpole.