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

According to the chart of M5, #PEP formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 152.41 and 151.75 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 66 pips. Outlook: If the upper border 152.41 is broken, the price is likely to continue its move by 152.25.

The Double Bottom pattern has been formed on #PEP M15. Characteristics: the support level 151.01; the resistance level 151.52; the width of the pattern 51 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 51 points.

The Bearish Flag pattern has been formed on the chart #PEP M5 which signals that the downward trend will continue. If the price breaks below the low at 151.44, then it is most likely to move further downwards. The price will likely move by the number of points which equals the length of the flag pole (10 points).

The Bearish pennant pattern has formed on the #PEP M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 151.44; the projection of the flagpole height is equal to 108 pips. In case the price breaks out the pattern’s bottom of 151.44, the downtrend is expected to continue for further level 151.29.

The Triple Bottom pattern has been formed on #PEP M5. It has the following characteristics: resistance level 153.89/153.75; support level 153.10/153.10; the width is 79 points. In the event of a breakdown of the resistance level of 153.89, the price is likely to continue an upward movement at least to 153.40.