FX.co ★ #NTDOY M5: Head and Shoulders

According to the chart of M5, #NTDOY formed the Head and Shoulders pattern. The Head’s top is set at 13.27 while the median line of the Neck is found at 13.23/13.22. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of #NTDOY will go towards 13.07.