FX.co ★ Patterns #PEP | PepsiCo, Inc. Stock Price

According to the chart of M5, #PEP formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 152.41 and 151.75 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 66 pips. Outlook: If the upper border 152.41 is broken, the price is likely to continue its move by 152.25.

The Double Bottom pattern has been formed on #PEP M15. Characteristics: the support level 151.01; the resistance level 151.52; the width of the pattern 51 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 51 points.

The Bearish Flag pattern has been formed on the chart #PEP M5 which signals that the downward trend will continue. If the price breaks below the low at 151.44, 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 (10 points).

The Bearish pennant pattern has formed on the #PEP M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 151.44; the projection of the flagpole height is equal to 108 pips. In case the price breaks out the pattern’s bottom of 151.44, the downtrend is expected to continue for further level 151.29.

The Triple Bottom pattern has been formed on #PEP M5. It has the following characteristics: resistance level 153.89/153.75; support level 153.10/153.10; the width is 79 points. In the event of a breakdown of the resistance level of 153.89, the price is likely to continue an upward movement at least to 153.40.

The Double Bottom pattern has been formed on #PEP M5; the upper boundary is 153.30; the lower boundary is 152.73. The width of the pattern is 60 points. In case of a break of the upper boundary 153.30, 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.

On the chart of #PEP M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 154.27; the lower boundary 152.53; the width of the pattern 174 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 152.23 level.

The Bullish pennant pattern is formed on the #PEP H1 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 154.40, a further uptrend is possible.

The Double Bottom pattern has been formed on #PEP 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 149.76 is broken. The further movements will rely on the width of the current pattern 57 points.

The Double Bottom pattern has been formed on #PEP 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 148.34 is broken. The further movements will rely on the width of the current pattern 102 points.