FX.co ★ Actual patterns. Technical analysis and trading recommendations
Actual patterns
Bullish Symmetrical Triangle
According to the chart of H1, #NTDOY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 12.91/13.17 whereas the upper border goes across 13.46/13.17. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of #NTDOY will breach the upper border to head for 13.57.
Bullish Symmetrical Triangle
According to the chart of H1, #NTDOY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 12.91/13.17 whereas the upper border goes across 13.46/13.17. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of #NTDOY will breach the upper border to head for 13.57.
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Bullish pennant
The Bullish pennant signal – Trading instrument #NTDOY M30, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 13.18, with the prospect of the next move being a projection of the flagpole height.
Inverse Head and Shoulder
According to the chart of M5, #NTDOY produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 13.01 while the median line of the Neck is set at 13.06/13.06. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of #NTDOY will go towards 13.21.
Head and Shoulders
According to the chart of M5, #NTDOY formed the Head and Shoulders pattern. The Head’s top is set at 13.27 while the median line of the Neck is found at 13.23/13.22. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of #NTDOY will go towards 13.07.