FX.co ★ #MA M5: Triple Top

The Triple Top pattern has formed on the chart of the #MA M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 527.66/527.76 with the upper limit 528.96/528.62; the projection of the width is 130 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 527.66, the price is most likely to continue the downward movement.