FX.co ★ AUDUSD M5: Triple Top

The Triple Top pattern has formed on the chart of the AUDUSD M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 0.6702/0.6704 with the upper limit 0.6710/0.6708; the projection of the width is 8 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 0.6702, the price is most likely to continue the downward movement.