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

The Bearish pennant pattern has formed on the #PEP M15 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 154.31, a trader will be able to successfully enter the sell position.

The Bullish pennant pattern is formed on the #PEP M30 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 159.94, a further uptrend is possible.

According to the chart of M5, #PEP formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 157.26/158.13 whereas the upper border goes across 158.73/158.13. 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 #PEP will breach the upper border to head for 158.28.

The Bullish pennant pattern is formed on the #PEP M15 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 158.78, a further uptrend is possible.

On the chart of #PEP M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 156.12; the lower boundary 154.38; the width of the pattern 174 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 154.23 level.