AUDCAD M5 Triple Top

AMP

The Triple Top pattern has formed on the chart of the AUDCAD M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 0.8866/0.8869 with the upper limit 0.8873/0.8874; the projection of the width is 7 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 0.8866, the price is most likely to continue the downward movement.