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FX.co ★ #FB M30: Bearish Rectangle

#FB M30: Bearish Rectangle

Bearish RectangleAccording to the chart of M30, #FB formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 695.27 - 0.00 and support 686.69 – 686.69. In case the resistance level 686.69 - 686.69 is broken, the instrument is likely to follow the bearish trend.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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