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FX.co ★ #GOOG M5: Bullish Symmetrical Triangle

#GOOG M5: Bullish Symmetrical Triangle

Bullish Symmetrical TriangleThe Bullish Symmetrical Triangle pattern has formed on the #GOOG M5 chart, signaling a likely continuation of the trend. Its upper boundary passes through 338.82/337.58, while its lower boundary passes through 336.63/337.58. The pattern width is 219 points. When the Bullish Symmetrical Triangle forms during an uptrend, it indicates that the prevailing trend may continue. A breakout above 337.58 could send the price toward 337.73.
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
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