FX.co ★ #PEP M15: Head and Shoulders

According to the chart of M15, #PEP formed the Head and Shoulders pattern. The Head’s top is set at 146.98 while the median line of the Neck is found at 145.59/145.49. 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 #PEP will go towards 145.26.