FX.co ★ AUDUSD M5: Triple Top

The Triple Top pattern has formed on the chart of the AUDUSD M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 0.6243/0.6244 with the upper limit 0.6252/0.6253; the projection of the width is 9 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 0.6243, the price is most likely to continue the downward movement.