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

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.

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.

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.

The Double Top reversal pattern has been formed on #NTDOY M15. Characteristics: the upper boundary 13.20; the lower boundary 13.06; the width of the pattern is 14 points. Sell trades are better to be opened below the lower boundary 13.06 with a possible movements towards the 12.84 level.

The Double Bottom pattern has been formed on #NTDOY H1. Characteristics: the support level 13.07; the resistance level 13.47; the width of the pattern 40 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 41 points.

The Triple Bottom pattern has formed on the chart of #NTDOY M5. Features of the pattern: The lower line of the pattern has coordinates 13.22 with the upper limit 13.22/13.19, the projection of the width is 7 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 13.15, the price is most likely to continue the upward movement.

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 13.22 is broken. The further movements will rely on the width of the current pattern 7 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 13.74.

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 13.10, a trader will be able to successfully enter the sell position.

The Double Bottom pattern has been formed on #NTDOY H1; the upper boundary is 13.87; the lower boundary is 13.12. The width of the pattern is 75 points. In case of a break of the upper boundary 13.87, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.