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FX.co ★ #MSFT M15: Inverse Head and Shoulder

#MSFT M15: Inverse Head and Shoulder

Inverse Head and ShoulderAccording to the chart of M15, #MSFT produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 472.22 while the median line of the Neck is set at 478.83/478.07. 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 #MSFT will go towards 478.30.
The M5 and M15 time frames may have more false entry points.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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