FX.co ★ #MA M5: Inverse Head and Shoulder

According to the chart of M5, #MA produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 518.06 while the median line of the Neck is set at 521.64/521.71. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of #MA will go towards 521.86.