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

The Double Bottom pattern has been formed on #KO M5. Characteristics: the support level 70.29; the resistance level 70.62; the width of the pattern 33 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 34 points.

The Bullish Flag pattern has been formed on the chart #KO M5 which signals that the upward trend will continue. Signals: а break of the peak at 71.56 may push the price higher, and the rise will be the projection of the pole.

According to the chart of M30, #KO formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 70.23 – 70.23 and upper border 70.96 – 70.96. In case the upper border is broken, the instrument is likely to follow the upward trend.

The Double Top pattern has been formed on #KO M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 70.23 is broken, the downward movement will continue.

According to the chart of M15, #KO formed the Head and Shoulders pattern. The Head’s top is set at 70.96 while the median line of the Neck is found at 70.26/70.35. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of #KO will go towards 70.13.