FX.co ★ #MSFT M5: Bearish Symmetrical Triangle

According to the chart of M5, #MSFT formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 423.05/423.85 and upper border is 425.01/423.85. The pattern width is measured on the chart at -196 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 #MSFT breaches the lower border, the price could continue its move toward 423.70.