FX.co ★ #GOOG M5: Triple Top

The Triple Top pattern has formed on the chart of the #GOOG M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 166.03/166.09 with the upper limit 166.42/166.44; the projection of the width is 39 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 166.03, the price is most likely to continue the downward movement.