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

#GOOG M15: Inverse Head and Shoulders

Inverse Head and ShouldersThe Inverse Head and Shoulders pattern has formed on the #GOOG M15 chart. The head low is at 329.22, while the neckline passes through 337.00/336.23. The formation of the Inverse Head and Shoulders indicates a potential reversal of the downtrend. A break above the higher neckline anchor may confirm the bullish reversal.
The M5 and M15 time frames may generate more false entry signals.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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