FX.co ★ #PEP M5: Triple Bottom

The Triple Bottom pattern has formed on the chart of #PEP M5. The lower boundary is at 137.85, while the upper boundary is at 139.08/138.20. The projected width is 124 points. The formation of the Triple Bottom pattern most likely indicates a change from a downward to an upward trend. If the confirmation resistance at 139.08 is broken, the price is likely to continue upward.