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

The Bearish pennant pattern has formed on the #NTDOY M15 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 16.46 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 Bullish pennant signal – Trading instrument #NTDOY H1, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 17.01, with the prospect of the next move being a projection of the flagpole height.

On the chart of the #NTDOY M30 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 16.78, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 21 points.

According to the chart of M5, #NTDOY formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 16.93 – 16.93 and upper border 17.01 – 17.01. In case the upper border is broken, the instrument is likely to follow the upward trend.

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 17.31.

The Bearish pennant pattern has formed on the #NTDOY M15 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 15.65, a trader will be able to successfully enter the sell position.

The Triple Bottom pattern has formed on the chart of #NTDOY M5. Features of the pattern: The lower line of the pattern has coordinates 16.21 with the upper limit 16.21/16.12, the projection of the width is 14 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 16.07, the price is most likely to continue the upward movement.

On the chart of #NTDOY M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 16.47; the lower boundary 16.42; the width of the pattern 5 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 16.19 level.

The Bearish pennant pattern has formed on the #NTDOY M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 16.13; the projection of the flagpole height is equal to 18 pips. In case the price breaks out the pattern’s bottom of 16.13, the downtrend is expected to continue for further level 15.98.

The Double Bottom pattern has been formed on #NTDOY M30. Characteristics: the support level 16.71; the resistance level 17.03; the width of the pattern 32 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 31 points.