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

On the chart of #KO D1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 74.39; the lower boundary 66.91; the width of the pattern 748 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 66.51 level.

The Triple Bottom pattern has formed on the chart of the #KO M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 71.53/71.47.

According to the chart of M5, #KO formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 72.67 – 72.67 and upper border 72.99 – 72.99. In case the lower border is broken, the instrument is likely to follow the downward trend.

The Triple Top pattern has formed on the chart of the #KO M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 74.03/74.10 with the upper limit 74.24/74.39; the projection of the width is 21 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 74.03, the price is most likely to continue the downward movement.

The Double Top reversal pattern has been formed on #KO M30. Characteristics: the upper boundary 73.42; the lower boundary 72.82; the width of the pattern is 59 points. Sell trades are better to be opened below the lower boundary 72.82 with a possible movements towards the 72.52 level.