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

The Bullish Flag pattern which signals continuation of a trend has been formed on the chart #KO M5. Forecast: if the price breaks above the pattern high at 71.34, then traders will be able to place a long deal with the target at 71.49.

The Double Bottom pattern has been formed on #KO M15. Characteristics: the support level 70.73; the resistance level 71.05; 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.

According to the chart of M5, #KO formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 70.73/70.93 and upper border is 71.22/70.93. The pattern width is measured on the chart at -49 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and #KO breaches the lower border, the price could continue its move toward 70.78.

The Bullish pennant graphic pattern has formed on the #KO M15 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 71.93.

According to the chart of M5, #KO formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 69.37, the lower border is 69.15. The signal means that a short position should be opened after fixing a price below the lower border 69.15 of the Bearish Rectangle.

The Triple Bottom pattern has been formed on #KO M5. It has the following characteristics: resistance level 69.99/69.84; support level 69.53/69.55; the width is 46 points. In the event of a breakdown of the resistance level of 69.99, the price is likely to continue an upward movement at least to 69.73.

The Bullish Flag pattern has been formed on the chart #KO M5 which signals that the upward trend will continue. Signals: а break of the peak at 70.29 may push the price higher, and the rise will be the projection of the pole.

The Double Bottom pattern has been formed on #KO M5; the upper boundary is 71.08; the lower boundary is 70.73. The width of the pattern is 33 points. In case of a break of the upper boundary 71.08, 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 Bullish pennant signal – Trading instrument #KO M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 71.78, with the prospect of the next move being a projection of the flagpole height.

The Double Bottom pattern has been formed on #KO 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 71.75 is broken. The further movements will rely on the width of the current pattern 31 points.