FX.co ★ #GOOG M5: Bearish Rectangle

According to the chart of M5, #GOOG formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 197.32 – 197.32 and upper border 199.68 – 199.68. In case the lower border is broken, the instrument is likely to follow the downward trend.