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

The Bullish pennant pattern is formed on the #NTDOY M15 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 20.10, a further uptrend is possible.

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

The Double Top reversal pattern has been formed on #NTDOY M15. Characteristics: the upper boundary 19.76; the lower boundary 19.57; the width of the pattern is 18 points. Sell trades are better to be opened below the lower boundary 19.57 with a possible movements towards the 19.34 level.

On the chart of #NTDOY M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 19.75; the lower boundary 19.57; the width of the pattern 18 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 19.34 level.

The Triple Top pattern has formed on the chart of the #NTDOY M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 1, support level -3, and pattern’s width 19. Forecast If the price breaks through the support level 19.57, it is likely to move further down to 19.55.