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FX.co ★ #EBAY M5: Bullish Symmetrical Triangle

#EBAY M5: Bullish Symmetrical Triangle

Bullish Symmetrical TriangleThe Bullish Symmetrical Triangle pattern has formed on the #EBAY M5 chart, signaling a likely continuation of the trend. Its upper boundary passes through 105.89/105.34, while its lower boundary passes through 104.84/105.34. The pattern width is 105 points. When the Bullish Symmetrical Triangle forms during an uptrend, it indicates that the prevailing trend may continue. A breakout above 105.34 could send the price toward 105.49.
The M5 and M15 time frames may generate more false entry signals.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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