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FX.co ★ #EBAY M5: Bearish Rectangle

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Technical Analysis Patterns

2024-04-08T16:29:06
Signal strength 1 of 5

#EBAY M5: Bearish Rectangle

Bearish RectangleAccording to the chart of M5, #EBAY formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 51.91 - 0.00 and support 51.76 – 51.76. In case the resistance level 51.76 - 51.76 is broken, the instrument is likely to follow the bearish trend.
The M5 and M15 time frames may have more false entry points.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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Other patterns by #EBAY