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

The #PEP M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 144.13, the Neckline and the upward angle are at 143.46/143.45. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of #PEP will go towards 143.30.

The Bullish pennant pattern is formed on the #PEP M15 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 144.11, a further uptrend is possible.

The Bullish pennant graphic pattern has formed on the #PEP M5 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 144.39.

The Double Top pattern has been formed on #PEP M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 139.46 is broken, the downward movement will continue.

The Bullish pennant pattern is formed on the #PEP M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 142.14, a further uptrend is possible.

The Double Bottom pattern has been formed on #PEP M15; the upper boundary is 140.26; the lower boundary is 139.37. The width of the pattern is 90 points. In case of a break of the upper boundary 140.26, 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 Bearish Flag pattern has been formed on the chart #PEP H1 which signals that the downward trend will continue. If the price breaks below the low at 139.32, then it is most likely to move further downwards. The price will likely move by the number of points which equals the length of the flag pole (20 points).

The Bearish pennant pattern has formed on the #PEP H1 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 139.32, a trader will be able to successfully enter the sell position.

The Triple Bottom pattern has formed on the chart of #PEP M5. Features of the pattern: The lower line of the pattern has coordinates 141.14 with the upper limit 141.14/140.91, the projection of the width is 87 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 140.27, the price is most likely to continue the upward movement.

The Bearish Flag pattern has been formed on the chart #PEP M5. Therefore, the downwards trend is likely to continue in the nearest term. As soon as the price breaks below the low at 140.80, traders should enter the market.