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FX.co ★ #GOOG M15: Triple Bottom

#GOOG M15: Triple Bottom

Triple BottomThe Triple Bottom pattern has formed on the chart of #GOOG M15. Features of the pattern: The lower line of the pattern has coordinates 173.90 with the upper limit 173.90/173.71, the projection of the width is 126 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 172.64, the price is most likely to continue the upward movement.
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
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