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The Bullish pennant signal – Trading instrument #KO M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 71.78, with the prospect of the next move being a projection of the flagpole height.

The Double Bottom pattern has been formed on #KO M5. 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 71.75 is broken. The further movements will rely on the width of the current pattern 31 points.

The Bullish pennant signal – Trading instrument #KO M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 72.50, with the prospect of the next move being a projection of the flagpole height.

According to the chart of H1, #KO formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 72.24 and support 70.45. In case the resistance level 72.24 - 72.24 is broken, the instrument is likely to follow the bullish trend.

On the chart of #KO M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 71.93; the lower boundary 71.79; the width of the pattern 14 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 71.64 level.