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

According to the chart of H1, #INTC formed the Inverse Head and Shoulder pattern. The Head’s top is set at 20.53 while the median line of the Neck is found at 19.31/20.05. 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 #INTC will go towards 20.93