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FX.co ★ #NTDOY M5: Bearish Symmetrical Triangle

#NTDOY M5: Bearish Symmetrical Triangle

Bearish Symmetrical TriangleThe Bearish Symmetrical Triangle pattern has formed on the #NTDOY M5 chart. Its lower boundary passes through 11.55/11.62, while its upper boundary passes through 11.68/11.62. The pattern width is 13 points. The Bearish Symmetrical Triangle indicates a likely continuation of the downtrend. If #NTDOY breaks below the lower boundary, the price could move toward 11.47.
The M5 and M15 time frames may generate more false entry signals.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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