FX.co ★ Patterns #NTDOY | Nintendo Co., Ltd. Stock Price

The Triple Bottom pattern has been formed on #NTDOY M5. It has the following characteristics: resistance level 18.96/18.87; support level 18.88/18.82; the width is 8 points. In the event of a breakdown of the resistance level of 18.96, the price is likely to continue an upward movement at least to 18.96.

The Triple Bottom pattern has formed on the chart of the #NTDOY M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 18.90/18.85.

The Bearish pennant pattern has formed on the #NTDOY M15 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 18.87; the projection of the flagpole height is equal to 77 pips. In case the price breaks out the pattern’s bottom of 18.87, the downtrend is expected to continue for further level 18.65.

The Bearish pennant pattern has formed on the #NTDOY H1 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 19.83 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.

The Bearish pennant pattern has formed on the #NTDOY M5 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 20.02, a trader will be able to successfully enter the sell position.

The Bearish pennant pattern has formed on the #NTDOY M15 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 20.10; the projection of the flagpole height is equal to 46 pips. In case the price breaks out the pattern’s bottom of 20.10, the downtrend is expected to continue for further level 19.87.

The Bearish pennant pattern has formed on the #NTDOY M30 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 20.09, a trader will be able to successfully enter the sell position.

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

The Double Bottom pattern has been formed on #NTDOY M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 20.87 is broken. The further movements will rely on the width of the current pattern 10 points.

The Bullish pennant graphic pattern has formed on the #NTDOY M5 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 21.25.