FX.co ★ #MA M5: Triple Bottom

The Triple Bottom pattern has formed on the chart of #MA M5. Features of the pattern: The lower line of the pattern has coordinates 527.02 with the upper limit 527.02/523.47, the projection of the width is 461 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 522.41, the price is most likely to continue the upward movement.