NZDCAD M5 Triple Bottom

The Triple Bottom pattern has formed on the chart of NZDCAD M5. Features of the pattern: The lower line of the pattern has coordinates 0.7995 with the upper limit 0.7995/0.7989, the projection of the width is 8 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 0.7987, the price is most likely to continue the upward movement.