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

According to the chart of M5, #KO produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 61.46 while the median line of the Neck is set at 61.74/61.72. 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 #KO will go towards 61.87.