FX.co ★ #MA M5: Bullish Symmetrical Triangle

The Bullish Symmetrical Triangle pattern has formed on the #MA M5 chart, signaling a likely continuation of the trend. Its upper boundary passes through 553.82/552.53, while its lower boundary passes through 550.86/552.53. The pattern width is 296 points. When the Bullish Symmetrical Triangle forms during an uptrend, it indicates that the prevailing trend may continue. A breakout above 552.53 could send the price toward 552.68.