FX.co ★ #MA M5: Triple Bottom

The Triple Bottom pattern has formed on the chart of #MA M5. Features of the pattern: The lower line of the pattern has coordinates 520.07 with the upper limit 520.07/517.08, the projection of the width is 400 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 516.07, the price is most likely to continue the upward movement.