was formed on 29.05 at 15:30:10 (UTC+0)
signal strength 2 of 5
signal strength 2 of 5
According to the chart of M15, #GOOG formed the Head and Shoulders pattern. The Head’s top is set at 176.37 while the median line of the Neck is found at 172.46/172.97. 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 172.74.
The M5 and M15 time frames may have more false entry points.
Figure
Instrument
Timeframe
Trend
Signal Strength
