FX.co ★ #KO M15: Head and Shoulders

According to the chart of M15, #KO formed the Head and Shoulders pattern. The Head’s top is set at 70.96 while the median line of the Neck is found at 70.26/70.35. 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 #KO will go towards 70.13.