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 83.13 while the median line of the Neck is found at 82.45/82.44. 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 82.29.