FX.co ★ NZDUSD M5: Triple Top

The Triple Top pattern has formed on the chart of the NZDUSD M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 0.5873/0.5875 with the upper limit 0.5881/0.5881; the projection of the width is 8 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 0.5873, the price is most likely to continue the downward movement.