FX.co ★ #MA M15: Triple Bottom

The Triple Bottom pattern has formed on the chart of #MA M15. The lower boundary is at 563.50, while the upper boundary is at 566.22/565.00. The projected width is 269 points. The formation of the Triple Bottom pattern most likely indicates a change from a downward to an upward trend. If the confirmation resistance at 566.22 is broken, the price is likely to continue upward.