FX.co ★ #MSFT M5: Head and Shoulders

According to the chart of M5, #MSFT formed the Head and Shoulders pattern. The Head’s top is set at 491.60 while the median line of the Neck is found at 487.66/488.26. 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 #MSFT will go towards 488.11.