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

According to the chart of M5, #NTDOY formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 23.36 - 0.00 and support 23.27 – 23.27. In case the resistance level 23.27 - 23.27 is broken, the instrument is likely to follow the bearish trend.

The Double Top pattern has been formed on #NTDOY H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 23.17 is broken, the downward movement will continue.

The Double Bottom pattern has been formed on #NTDOY M5. Characteristics: the support level 23.17; the resistance level 23.26; the width of the pattern 9 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 8 points.

The Bullish pennant graphic pattern has formed on the #NTDOY M30 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 23.76.

The Bullish pennant signal – Trading instrument #NTDOY M15, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 23.37, with the prospect of the next move being a projection of the flagpole height.