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Inverse Head and Shoulder
was formed on 09.04 at 16:30:07 (UTC+0)
signal strength 1 of 5

Inverse Head and Shoulder #MCD M5

According to the chart of M5, #MCD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 302.04 while the median line of the Neck is found at 294.67/299.47. 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 #MCD will go towards 302.19

The M5 and M15 time frames may have more false entry points.

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