logo

FX.co ★ #GOOG M5: Bearish Rectangle

#GOOG M5: Bearish Rectangle

Bearish RectangleAccording to the chart of M5, #GOOG formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 172.95, the lower border is 172.54. The signal means that a short position should be opened after fixing a price below the lower border 172.54 of the Bearish Rectangle.
The M5 and M15 time frames may have more false entry points.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
Go to the patterns list Go to graph