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

The Bullish pennant graphic pattern has formed on the #KO 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 82.96.

The Double Bottom pattern has been formed on #KO M30; the upper boundary is 78.76; the lower boundary is 77.73. The width of the pattern is 103 points. In case of a break of the upper boundary 78.76, 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.

The Double Bottom pattern has been formed on #KO M15; the upper boundary is 78.76; the lower boundary is 77.73. The width of the pattern is 103 points. In case of a break of the upper boundary 78.76, 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.

The Triple Bottom pattern has formed on the chart of #KO M5. Features of the pattern: The lower line of the pattern has coordinates 79.09 with the upper limit 79.09/78.53, the projection of the width is 73 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 78.36, the price is most likely to continue the upward movement.

According to the chart of M5, #KO formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 74.96, the lower border is 74.61. The signal means that a short position should be opened after fixing a price below the lower border 74.61 of the Bearish Rectangle.

The Double Bottom pattern has been formed on #KO H1. 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 75.83 is broken. The further movements will rely on the width of the current pattern 111 points.

On the chart of #KO M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 76.60; the lower boundary 76.39; the width of the pattern 21 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 76.24 level.

According to the chart of M5, #KO formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 75.95 - 0.00 and support 75.50 – 75.50. In case the resistance level 75.50 - 75.50 is broken, the instrument is likely to follow the bearish trend.

The Double Top reversal pattern has been formed on #KO M15. Characteristics: the upper boundary 78.43; the lower boundary 76.36; the width of the pattern is 204 points. Sell trades are better to be opened below the lower boundary 76.36 with a possible movements towards the 76.14 level.

The Double Top reversal pattern has been formed on #KO M30. Characteristics: the upper boundary 78.43; the lower boundary 76.36; the width of the pattern is 204 points. Sell trades are better to be opened below the lower boundary 76.36 with a possible movements towards the 76.06 level.