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

The Double Top reversal pattern has been formed on #KO M15. Characteristics: the upper boundary 81.68; the lower boundary 81.20; the width of the pattern is 47 points. Sell trades are better to be opened below the lower boundary 81.20 with a possible movements towards the 80.97 level.

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 81.20 is broken, the downward movement will continue.

The Bullish pennant pattern is formed on the #KO M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 81.36, a further uptrend is possible.

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 80.35 is broken, the downward movement will continue.

On the chart of the #KO M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 79.15, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 41 points.