FX.co ★ Actual patterns. Technical analysis and trading recommendations

The Double Bottom pattern has been formed on #NTDOY M15. Characteristics: the support level 18.37; the resistance level 18.49; the width of the pattern 12 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 11 points.

The Bearish pennant pattern has formed on the #NTDOY M15 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 18.29 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.

The Triple Bottom pattern has been formed on #NTDOY M5. It has the following characteristics: resistance level 18.96/18.87; support level 18.88/18.82; the width is 8 points. In the event of a breakdown of the resistance level of 18.96, the price is likely to continue an upward movement at least to 18.96.

The Triple Bottom pattern has formed on the chart of the #NTDOY M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 18.90/18.85.

The Bearish pennant pattern has formed on the #NTDOY M15 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 18.87; the projection of the flagpole height is equal to 77 pips. In case the price breaks out the pattern’s bottom of 18.87, the downtrend is expected to continue for further level 18.65.