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

According to the chart of M5, #PEP produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 163.15 while the median line of the Neck is set at 164.54/164.42. 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 #PEP will go towards 164.57.