All patterns

Sirius-25 › TSLA (Tesla, Inc.) · Daily

Double Bottom

Breakout confirmedBullish
Quality33%

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Draw it on TradingView

No bar counting. Copy the Pine Script and paste it into TradingView; the pattern, breakout, target and invalidation lines are drawn on exactly these candles.

Open TSLA chart
  1. 1.Copy the script and open the chart on TradingView.
  2. 2.Open the Pine Editor at the bottom, clear it and paste.
  3. 3.Click "Add to chart"; the drawings appear.

Swing points

PointCandle open (UTC)Bar #Price
T1Sep 30, 20260345.88
NOct 9, 20267388.56
T2Oct 16, 202612349.33
BRKOct 26, 2026388.56

Bar #: candles counted from the pattern's first point. Times are candle open times.

Lines

  • NecklineSep 30, 2026 · 388.56 → Oct 22, 2026 · 388.56
  • ResistanceSep 30, 2026 · 345.88 → Oct 16, 2026 · 349.33

This pattern's track record

On the Daily chart

74%

Target reached after breakout

Breakout rate
51%
Reached half the target
75%
Average time to target
24.6 days
Cases
61 resolved cases

All timeframes

63%

Target reached after breakout

Breakout rate
56%
Reached half the target
79%
Average time to target
9.3 days
Cases
277 resolved cases

What is this pattern?

After a decline, two troughs form at about the same level. The high between them is the trigger; a close above it targets a move equal to the trough-to-peak height.

A close below the troughs invalidates the pattern.

This is not investment advice. Patterns describe probabilities; the same pattern can resolve differently. Levels use classic technical-analysis measuring rules.

TSLA Daily Double Bottom | IndicatorScan