FX.co ★ #MCD M5: Inverse Head and Shoulder

According to the chart of M5, #MCD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 302.04 while the median line of the Neck is found at 294.67/299.47. 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 #MCD will go towards 302.19