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

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 Triple Top pattern has formed on the chart of the #KO M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 74.03/74.10 with the upper limit 74.24/74.39; the projection of the width is 21 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 74.03, the price is most likely to continue the downward movement.

The Double Top reversal pattern has been formed on #KO M30. Characteristics: the upper boundary 73.42; the lower boundary 72.82; the width of the pattern is 59 points. Sell trades are better to be opened below the lower boundary 72.82 with a possible movements towards the 72.52 level.

The Double Top reversal pattern has been formed on #KO M15. Characteristics: the upper boundary 73.42; the lower boundary 72.95; the width of the pattern is 46 points. Sell trades are better to be opened below the lower boundary 72.95 with a possible movements towards the 72.72 level.

On the chart of #KO M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 72.95; the lower boundary 72.70; the width of the pattern 25 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 72.55 level.

On the chart of #KO M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 72.96; the lower boundary 72.75; the width of the pattern 21 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 72.60 level.

On the chart of #KO H1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 72.67; the lower boundary 71.72; the width of the pattern 95 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 71.32 level.

The Double Top pattern has been formed on #KO M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 71.72 is broken, the downward movement will continue.

The Triple Top pattern has formed on the chart of the #KO M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 1, support level -38, and pattern’s width 65. Forecast If the price breaks through the support level 72.00, it is likely to move further down to 72.52.

The Double Top pattern has been formed on #KO M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 72.00 is broken, the downward movement will continue.