FX.co ★ #MSFT M5: Triple Bottom

The Triple Bottom pattern has formed on the chart of #MSFT M5. Features of the pattern: The lower line of the pattern has coordinates 411.56 with the upper limit 411.56/410.41, the projection of the width is 217 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 409.39, the price is most likely to continue the upward movement.