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

According to the chart of M5, #NTDOY produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 13.01 while the median line of the Neck is set at 13.06/13.06. 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 #NTDOY will go towards 13.21.