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According to the chart of M30, #KO produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 48.23 while the median line of the Neck is set at 48.90/48.81. 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 #KO will go towards 49.11. FX.co ★ #KO M30: Inverse Head and Shoulder
Signal strength 3 of 5
#KO M30: Inverse Head and Shoulder
According to the chart of M30, #KO produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 48.23 while the median line of the Neck is set at 48.90/48.81. 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 #KO will go towards 49.11. *The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade