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The Bullish pennant signal – Trading instrument #NTDOY M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 18.16, with the prospect of the next move being a projection of the flagpole height.

The Bullish pennant signal – Trading instrument #NTDOY M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 18.16, with the prospect of the next move being a projection of the flagpole height.

According to the chart of M15, #NTDOY formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 18.09, the lower border is 18.00. The signal means that a long position should be opened above the upper border 18.09 of the Bullish Rectangle.

According to the chart of M5, #NTDOY formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 18.09, the lower border is 18.00. The signal means that a long position should be opened above the upper border 18.09 of the Bullish Rectangle.

The Double Top reversal pattern has been formed on #NTDOY M15. Characteristics: the upper boundary 18.07; the lower boundary 17.31; the width of the pattern is 78 points. Sell trades are better to be opened below the lower boundary 17.31 with a possible movements towards the 17.08 level.