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

According to the chart of H1, #KO formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 62.81/62.07 whereas the lower border goes across 61.00/62.07. The pattern width is measured on the chart at 181 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 62.07 is broken, the price could continue its move toward 62.47.

The Double Bottom pattern has been formed on #KO M5; the upper boundary is 61.79; the lower boundary is 61.64. The width of the pattern is 16 points. In case of a break of the upper boundary 61.79, 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.

According to the chart of M5, #KO produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 61.46 while the median line of the Neck is set at 61.74/61.72. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of #KO will go towards 61.87.

According to the chart of M5, #KO produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 61.46 while the median line of the Neck is set at 61.74/61.72. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of #KO will go towards 61.87.

The Double Bottom pattern has been formed on #KO M15. Characteristics: the support level 61.52; the resistance level 62.01; the width of the pattern 49 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 55 points.