logo

FX.co ★ #GOOG M5: Triple Bottom

#GOOG M5: Triple Bottom

Triple BottomThe Triple Bottom pattern has formed on the chart of #GOOG M5. Features of the pattern: The lower line of the pattern has coordinates 92.61 with the upper limit 92.61/92.12, the projection of the width is 71 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 91.90, the price is most likely to continue the upward movement.
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
Go to the patterns list Go to graph