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FX.co ★ #GOOG M15: Bearish Rectangle

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Technical Analysis Patterns

2024-11-05T10:00:11
Signal strength 2 of 5

#GOOG M15: Bearish Rectangle

Bearish RectangleAccording to the chart of M15, #GOOG formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 171.15 - 0.00 and support 169.39 – 169.39. In case the resistance level 169.39 - 169.39 is broken, the instrument is likely to follow the bearish trend.
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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Other patterns by #GOOG