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

The Bullish pennant pattern is formed on the #KO M30 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 63.76, a further uptrend is possible.

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 61.90 is broken, the downward movement will continue.

According to the chart of M5, #KO formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 61.83 – 61.83 and upper border 62.13 – 62.13. In case the upper border is broken, the instrument is likely to follow the upward trend.

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 61.85, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 25 points.

The Double Bottom pattern has been formed on #KO M15. 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 61.74 is broken. The further movements will rely on the width of the current pattern 24 points.