FX.co ★ Actual patterns. Technical analysis and trading recommendations
Actual patterns
Bearish Pennant
The Bearish Pennant pattern has formed on the #NTDOY M5 chart. It represents a brief consolidation before the price potentially resumes the prevailing trend. A short position may be considered if the price closes below the pattern low at 13.42.
Bearish Symmetrical Triangle
The Bearish Symmetrical Triangle pattern has formed on the #NTDOY M5 chart. A break below the lower boundary at 13.63 is likely to signal a continuation of the downtrend.
Triple Bottom
The Triple Bottom pattern has formed on the #NTDOY M5 chart. It has the following characteristics: resistance at 13.70; support at 13.64; pattern width of 6 points. If the confirmation resistance at 13.71 is broken, the price is likely to continue upward by at least 6 points.
Bearish Symmetrical Triangle
The Bearish Symmetrical Triangle pattern has formed on the #NTDOY M5 chart. Its lower boundary passes through 11.55/11.62, while its upper boundary passes through 11.68/11.62. The pattern width is 13 points. The Bearish Symmetrical Triangle indicates a likely continuation of the downtrend. If #NTDOY breaks below the lower boundary, the price could move toward 11.47.
Triple Bottom
The Triple Bottom pattern has formed on the #NTDOY M5 chart. A break above the confirmation resistance at 11.69 may signal a reversal from a downtrend to an uptrend.
