FX.co ★ #PEP M5: Triple Bottom

The Triple Bottom pattern has formed on the chart of #PEP M5. Features of the pattern: The lower line of the pattern has coordinates 156.68 with the upper limit 156.68/156.64, the projection of the width is 61 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 156.07, the price is most likely to continue the upward movement.