logo

FX.co ★ #FB M5: Bearish Rectangle

#FB M5: Bearish Rectangle

Bearish RectangleThe Bearish Rectangle has formed on the #FB M5 chart. This is a trend continuation pattern bounded by the lower boundary at 669.26–669.26 and the upper boundary at 672.51–672.51. A breakout below the lower boundary is likely to signal a continuation of the downtrend.
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