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

According to the chart of M5, #INTC produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 21.12 while the median line of the Neck is set at 21.40/21.37. 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 #INTC will go towards 21.52.