According to the chart of M5, #TSLA formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 372.82 – 372.82 and upper border 377.30 – 377.30. In case the lower border is broken, the instrument is likely to follow the downward trend. The M5 and M15 time frames may have more false entry points.