FX.co ★ #MSFT M15: Head and Shoulders

According to the chart of M15, #MSFT formed the Head and Shoulders pattern. The Head’s top is set at 407.45 while the median line of the Neck is found at 397.94/398.75. 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 398.52.