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

According to the chart of M5, #MSFT formed the Inverse Head and Shoulder pattern. The Head’s top is set at 416.01 while the median line of the Neck is found at 411.47/414.18. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of #MSFT will go towards 416.16