FX.co ★ Actual patterns. Technical analysis and trading recommendations
Actual patterns
Bearish Symmetrical Triangle
The Bearish Symmetrical Triangle pattern has formed on the #NTDOY M5 chart. A break below the lower boundary at 12.23 would signal a likely continuation of the downtrend. The projected move corresponds to the pattern width of 14 points.
Bearish Pennant
The Bearish Pennant pattern has formed on the #NTDOY H1 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 12.19.
Bearish Flag
The Bearish Flag pattern has formed on the #NTDOY M30 chart, indicating that the downtrend may continue in the near term. A short position may be considered after the price breaks below the pattern low at 12.20.
Bearish Pennant
The Bearish Pennant pattern has formed on the #NTDOY M30 chart and signals a potential continuation of the existing trend. The pattern low is at 12.20, and the projected flagpole height is 66 points. If the price breaks below the pattern low at 12.20, the downtrend is expected to continue toward 11.90.
Bearish Pennant
The Bearish Pennant pattern has formed on the #NTDOY M5 chart. A break below the pennant low at 12.32 would signal a likely continuation of the downtrend. A Sell Stop order may be placed 10 points below the pattern low, with Take Profit set at a distance equal to the height of the flagpole.