FX.co ★ EURCAD M5: Triple Bottom

The Triple Bottom pattern has formed on the chart of EURCAD M5. Features of the pattern: The lower line of the pattern has coordinates 1.4848 with the upper limit 1.4848/1.4839, the projection of the width is 18 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 1.4830, the price is most likely to continue the upward movement.