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

The #KO M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 74.08, the Neckline and the upward angle are at 73.60/73.62. 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 #KO will go towards 73.47.

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 73.20/73.22 with the upper limit 73.36/73.37; the projection of the width is 16 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 73.20, the price is most likely to continue the downward movement.

The Triple Bottom pattern has been formed on #KO M5. It has the following characteristics: resistance level 72.84/72.82; support level 72.75/72.74; the width is 9 points. In the event of a breakdown of the resistance level of 72.84, the price is likely to continue an upward movement at least to 72.90.

According to the chart of M5, #KO formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 70.60/71.46 whereas the upper border goes across 72.24/71.46. 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 71.61.

According to the chart of M15, #KO formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 69.78 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -340 pips.

The technical pattern called Head and Shoulders has appeared on the chart of #KO H1. There are weighty reasons to suggest that the price will surpass the Neckline 70.23/70.04 after the right shoulder has been formed. So, the trend is set to change with the price heading for 69.64.

The Double Bottom pattern has been formed on #KO M5. Characteristics: the support level 70.29; the resistance level 70.62; the width of the pattern 33 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 34 points.

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 71.56 may push the price higher, and the rise will be the projection of the pole.

According to the chart of M30, #KO formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 70.23 – 70.23 and upper border 70.96 – 70.96. In case the upper border is broken, the instrument is likely to follow the upward trend.

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 70.23 is broken, the downward movement will continue.