FX.co ★ Modèles réels. Analyse technique et recommandations de trading

According to the chart of M15, #KO formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 83.15 – 83.15 and upper border 83.89 – 83.89. In case the upper border is broken, the instrument is likely to follow the upward trend.

On the chart of #KO M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 83.89; the lower boundary 83.23; the width of the pattern 66 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 83.00 level.

According to the chart of M5, #KO formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 83.84, the lower border is 83.51. The signal means that a long position should be opened above the upper border 83.84 of the Bullish Rectangle.

The Double Top reversal pattern has been formed on #KO M5. Characteristics: the upper boundary 83.84; the lower boundary 83.54; the width of the pattern is 29 points. Sell trades are better to be opened below the lower boundary 83.54 with a possible movements towards the 83.39 level.

According to the chart of M5, #KO formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 78.44/78.87 whereas the upper border goes across 79.18/78.87. 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 #KO will breach the upper border to head for 79.02.