FX.co ★ #TSLA M15: Bearish pennant

The Bearish pennant pattern has formed on the #TSLA M15 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 383.36; the projection of the flagpole height is equal to 1719 pips. In case the price breaks out the pattern’s bottom of 383.36, the downtrend is expected to continue for further level 383.14.