logo

FX.co ★ #MA M5: Bullish Symmetrical Triangle

#MA M5: Bullish Symmetrical Triangle

Bullish Symmetrical TriangleThe Bullish Symmetrical Triangle pattern has formed on the #MA M5 chart. Its lower boundary passes through 558.18/561.42, while its upper boundary passes through 565.48/561.42. The Bullish Symmetrical Triangle is a continuation pattern and therefore supports a further rise. If confirmed, #MA is expected to break the upper boundary and move toward 561.57.
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