FX.co ★ #MA H1: Inverse Head and Shoulder

According to the chart of H1, #MA produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 480.49 while the median line of the Neck is set at 504.59/500.92. 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 #MA will go towards 501.32.