logo

FX.co ★ #PEP M5: Bullish Symmetrical Triangle

#PEP M5: Bullish Symmetrical Triangle

Bullish Symmetrical TriangleThe Bullish Symmetrical Triangle pattern has formed on the #PEP M5 chart. Its lower boundary passes through 140.42/140.90, while its upper boundary passes through 141.27/140.90. The Bullish Symmetrical Triangle is a continuation pattern and therefore supports a further rise. If confirmed, #PEP is expected to break the upper boundary and move toward 141.05.
The M5 and M15 time frames may generate more false entry signals.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
Go to the patterns list Go to graph