Double Bottom Pattern Formation #TESLA
Time Frame: 30 Min | Pattern: W Pattern | Entry: 201 | Take Profit: 13.74% | Stop Loss: Below Resistance line at 200
A W pattern has been identified on the 30-minute chart of Tesla (TSLA), with a confirmed breakout at 200.67. The pattern formation suggests an uptrend of 13.74%, which could serve as a take profit target. The entry point could be at 201, with a stop loss placed below the resistance line at 200, which has acted as a strong barrier in the past. Please note that this is a measurement idea, and past performance does not guarantee future results. As with any trade, it is important to manage risk and trade responsibly. Best of luck!
A W pattern has been identified on the 30-minute chart of Tesla (TSLA), with a confirmed breakout at 200.67. The pattern formation suggests an uptrend of 13.74%, which could serve as a take profit target. The entry point could be at 201, with a stop loss placed below the resistance line at 200, which has acted as a strong barrier in the past. Please note that this is a measurement idea, and past performance does not guarantee future results. As with any trade, it is important to manage risk and trade responsibly. Best of luck!
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