FX.co ★ #FB M5: Triple Bottom

The Triple Bottom pattern has formed on the chart of #FB M5. Features of the pattern: The lower line of the pattern has coordinates 709.68 with the upper limit 709.68/708.96, the projection of the width is 261 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 707.07, the price is most likely to continue the upward movement.