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FX.co ★ #GOOG M5: Triple Bottom

#GOOG M5: Triple Bottom

Triple BottomThe Triple Bottom pattern has formed on the chart of #GOOG M5. Features of the pattern: The lower line of the pattern has coordinates 176.80 with the upper limit 176.80/176.65, the projection of the width is 66 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 176.14, the price is most likely to continue the upward movement.
The M5 and M15 time frames may have more false entry points.
*L'analyse de marché présentée est de nature informative et n'est pas une incitation à effectuer une transaction
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