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

According to the chart of M15, #GOOG formed the Inverse Head and Shoulder pattern. The Head’s top is set at 1781.75 while the median line of the Neck is found at 1740.77/1761.60. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of #GOOG will go towards 1781.97