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

The Triple Bottom pattern has been formed on #PEP M5. It has the following characteristics: resistance level 142.25/142.08; support level 141.38/141.54; the width is 87 points. In the event of a breakdown of the resistance level of 142.25, the price is likely to continue an upward movement at least to 141.76.

The Double Top pattern has been formed on #PEP M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 143.09 is broken, the downward movement will continue.

The #PEP M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 144.13, the Neckline and the upward angle are at 143.46/143.45. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of #PEP will go towards 143.30.

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 144.11, a further uptrend is possible.

The Bullish pennant graphic pattern has formed on the #PEP M5 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 144.39.