FX.co ★ #EBAY M5: Head and Shoulders

According to the chart of M5, #EBAY formed the Head and Shoulders pattern. The Head’s top is set at 62.72 while the median line of the Neck is found at 62.43/62.41. 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 #EBAY will go towards 62.26.