FX.co ★ #GOOG M15: Head and Shoulders

According to the chart of M15, #GOOG formed the Head and Shoulders pattern. The Head’s top is set at 162.70 while the median line of the Neck is found at 158.33/157.56. 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 #GOOG will go towards 157.34.