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

According to the chart of M5, #GOOG produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 163.66 while the median line of the Neck is set at 164.80/164.87. 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 #GOOG will go towards 165.02.