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

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.

According to the chart of M5, #KO formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 78.59 is likely to encourage a continuation of the downward trend.

According to the chart of H1, #KO formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 77.91/79.39 whereas the upper border goes across 80.40/79.39. 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 79.79.

According to the chart of M5, #KO formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 79.18, the lower border is 78.99. The signal means that a short position should be opened after fixing a price below the lower border 78.99 of the Bearish Rectangle.