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

The Triple Bottom pattern has been formed on #TSLA M5. It has the following characteristics: resistance level 308.42/303.11; support level 300.82/300.19; the width is 760 points. In the event of a breakdown of the resistance level of 308.42, the price is likely to continue an upward movement at least to 301.23.

According to the chart of M30, #TSLA formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 328.44 – 328.44 and upper border 335.91 – 335.91. In case the upper border is broken, the instrument is likely to follow the upward trend.

According to the chart of M15, #TSLA formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 335.91 and support 328.44. In case the resistance level 335.91 - 335.91 is broken, the instrument is likely to follow the bullish trend.

According to the chart of M15, #TSLA formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 335.91 and support 328.44. In case the resistance level 335.91 - 335.91 is broken, the instrument is likely to follow the bullish trend.

The #TSLA M30 formed the Head and Shoulders pattern with the following features: The Head’s top is at 337.71, the Neckline and the upward angle are at 324.60/326.66. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of #TSLA will go towards 326.36.