FX.co ★ #PEP M5: Triple Top

The Triple Top pattern has formed on the chart of the #PEP M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 164.23/166.04 with the upper limit 167.87/167.45; the projection of the width is 364 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 164.23, the price is most likely to continue the downward movement.