FX.co ★ #GOOG M5: Triple Top

The Triple Top pattern has formed on the chart of the #GOOG M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 375.18/378.04 with the upper limit 382.22/383.13; the projection of the width is 704 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 375.18, the price is most likely to continue the downward movement.