FX.co ★ #INTC M5: Head and Shoulders

According to the chart of M5, #INTC formed the Head and Shoulders pattern. The Head’s top is set at 51.21 while the median line of the Neck is found at 50.70/50.73. 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 #INTC will go towards 50.58.