FX.co ★ #MA M30: Bearish Symmetrical Triangle

According to the chart of M30, #MA formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 498.99/505.43 and upper border is 511.63/505.43. The pattern width is measured on the chart at -1264 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and #MA breaches the lower border, the price could continue its move toward 505.13.