FX.co ★ #MSFT M15: Double Bottom

#MSFT M15: Double Bottom

Double BottomThe Double Bottom pattern has been formed on #MSFT M15. Characteristics: the support level 234.53; the resistance level 240.52; the width of the pattern 599 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 581 points.
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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