FX.co ★ #GOOG M5: Bearish Rectangle

According to the chart of M5, #GOOG formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 312.97 - 0.00 and support 310.61 – 310.61. In case the resistance level 310.61 - 310.61 is broken, the instrument is likely to follow the bearish trend.