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

The Bullish Flag pattern which signals continuation of a trend has been formed on the chart #KO M5. Forecast: if the price breaks above the pattern high at 71.34, then traders will be able to place a long deal with the target at 71.49.

The Double Bottom pattern has been formed on #KO M15. Characteristics: the support level 70.73; the resistance level 71.05; the width of the pattern 32 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 31 points.

According to the chart of M5, #KO formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 70.73/70.93 and upper border is 71.22/70.93. The pattern width is measured on the chart at -49 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and #KO breaches the lower border, the price could continue its move toward 70.78.

The Bullish pennant graphic pattern has formed on the #KO M15 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 71.93.

According to the chart of M5, #KO formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 69.37, the lower border is 69.15. The signal means that a short position should be opened after fixing a price below the lower border 69.15 of the Bearish Rectangle.