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

The Bullish pennant pattern is formed on the #NTDOY M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 22.43, a further uptrend is possible.

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 22.43, with the prospect of the next move being a projection of the flagpole height.

The technical pattern called Head and Shoulders has appeared on the chart of #NTDOY M5. There are weighty reasons to suggest that the price will surpass the Neckline 22.12/22.12 after the right shoulder has been formed. So, the trend is set to change with the price heading for 21.97.

The #NTDOY M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 22.21, the Neckline and the upward angle are at 22.12/22.12. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of #NTDOY will go towards 21.97.

The Double Bottom pattern has been formed on #NTDOY M15; the upper boundary is 22.32; the lower boundary is 21.70. The width of the pattern is 64 points. In case of a break of the upper boundary 22.32, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.