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FX.co ★ #MSFT M5: Triple Bottom

#MSFT M5: Triple Bottom

Triple BottomThe Triple Bottom pattern has formed on the #MSFT M5 chart. It has the following characteristics: resistance at 501.14; support at 500.11; pattern width of 103 points. If the confirmation resistance at 501.72 is broken, the price is likely to continue upward by at least 175 points.
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
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