FX.co ★ #MA M30: Bearish Flag

The Bearish Flag pattern has been formed on #MA at M30. The lower boundary of the pattern is located at 455.85/457.59 while the upper boundary lies at 457.85/459.59. The projection of the flagpole is 742 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 455.85 is broken, the price will move further downwards.