
According to the chart of M5, #KO formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 72.67 – 72.67 and upper border 72.99 – 72.99. In case the lower border is broken, the instrument is likely to follow the downward trend.
The M5 and M15 time frames may have more false entry points.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade