FX.co ★ EURCAD M30: Triple Bottom

The Triple Bottom pattern has formed on the chart of EURCAD M30. Features of the pattern: The lower line of the pattern has coordinates 1.6160 with the upper limit 1.6160/1.6149, the projection of the width is 21 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 1.6139, the price is most likely to continue the upward movement.