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

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.