FX.co ★ #GOOG M5: Bearish Symmetrical Triangle

According to the chart of M5, #GOOG formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 317.39/319.64 and upper border is 321.95/319.64. The pattern width is measured on the chart at -456 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and #GOOG breaches the lower border, the price could continue its move toward 319.49.