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According to the chart of M5, #TSLA formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 235.81/243.68 and upper border is 249.04/243.68. The pattern width is measured on the chart at -1323 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and #TSLA breaches the lower border, the price could continue its move toward 243.53.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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The Bearish Flag pattern has been formed on the chart USDCAD M5. Therefore, the downwards trend is likely to continue in the nearest term. As soon as the price breaks
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowThe Triple Top pattern has formed on the chart of the #AMZN M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 63, support level -61
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowThe Bullish Flag pattern which signals continuation of a trend has been formed on the chart #FB M30. Forecast: if the price breaks above the pattern high at 660.84, then
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