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

According to the chart of H1, #MSFT formed the Inverse Head and Shoulder pattern. The Head’s top is set at 403.62 while the median line of the Neck is found at 394.28/398.23. 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 #MSFT will go towards 404.02