FX.co ★ #EBAY M5: Triple Bottom

The Triple Bottom pattern has formed on the chart of #EBAY M5. The lower boundary is at 100.37, while the upper boundary is at 100.96/100.69. The projected width is 92 points. The formation of the Triple Bottom pattern most likely indicates a change from a downward to an upward trend. If the confirmation resistance at 100.96 is broken, the price is likely to continue upward.