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FX.co ★ #MA M15: Bearish Symmetrical Triangle

#MA M15: Bearish Symmetrical Triangle

Bearish Symmetrical TriangleThe Bearish Symmetrical Triangle pattern has formed on the #MA M15 chart. Its lower boundary passes through 606.00/608.68, while its upper boundary passes through 611.55/608.68. The pattern width is 555 points. The Bearish Symmetrical Triangle indicates a likely continuation of the downtrend. If #MA breaks below the lower boundary, the price could move toward 608.46.
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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