FX.co ★ #MSFT M5: Triple Top

The Triple Top pattern has formed on the chart of the #MSFT M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 422.97/424.54 with the upper limit 427.15/426.46; the projection of the width is 418 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 422.97, the price is most likely to continue the downward movement.