FX.co ★ #MA M5: Inverse Head and Shoulders

The Inverse Head and Shoulders pattern has formed on the #MA M5 chart. The head low is at 561.40, while the neckline passes through 564.92/564.84. The formation of the Inverse Head and Shoulders indicates a potential reversal of the downtrend. A break above the higher neckline anchor may confirm the bullish reversal.