FX.co ★ Patterns #KO | The Coca-Cola Company Stock Price

According to the chart of H1, #KO formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 70.26/71.11 whereas the upper border goes across 71.77/71.11. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of #KO will breach the upper border to head for 71.51.

The Bearish Flag pattern has been formed on the chart #KO M5. Therefore, the downwards trend is likely to continue in the nearest term. As soon as the price breaks below the low at 70.50, traders should enter the market.

The Bearish pennant pattern has formed on the #KO M5 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 70.50, a trader will be able to successfully enter the sell position.

On the chart of #KO M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 71.53; the lower boundary 71.21; the width of the pattern 32 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 71.06 level.

The Double Top reversal pattern has been formed on #KO H1. Characteristics: the upper boundary 71.73; the lower boundary 70.33; the width of the pattern is 144 points. Sell trades are better to be opened below the lower boundary 70.33 with a possible movements towards the 69.93 level.

The Double Top reversal pattern has been formed on #KO M30. Characteristics: the upper boundary 71.73; the lower boundary 70.33; the width of the pattern is 144 points. Sell trades are better to be opened below the lower boundary 70.33 with a possible movements towards the 70.03 level.

On the chart of #KO M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 71.77; the lower boundary 70.33; the width of the pattern 144 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 70.11 level.

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 69.78 is broken. The further movements will rely on the width of the current pattern 21 points.

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 70.29.

The Bullish pennant signal – Trading instrument #KO M30, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 69.99, with the prospect of the next move being a projection of the flagpole height.