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

The Head and Shoulders pattern has formed on the #KO M15 chart. The head high is at 95.36, while the neckline passes through 92.55/92.75. The pattern may reverse the current uptrend. A break below the lower neckline anchor may confirm the bearish reversal.

The Double Bottom pattern has formed on the #KO M5 chart and signals a potential reversal from a downtrend to an uptrend. A long position may be considered after the price breaks above the upper boundary at 92.91. The projected move is based on the pattern width of 14 points.

The Triple Bottom pattern has formed on the chart of #KO M5. The lower boundary is at 93.24, while the upper boundary is at 93.55/93.46. The projected width is 33 points. The formation of the Triple Bottom pattern most likely indicates a change from a downward to an upward trend. If the confirmation resistance at 93.55 is broken, the price is likely to continue upward.

The Inverse Head and Shoulders pattern has formed on the #KO M5 chart. A break above the higher of the neckline anchors at 93.01/93.00 may confirm the bullish reversal.

The Triple Bottom pattern has formed on the #KO M5 chart. It has the following characteristics: resistance at 92.99; support at 92.76; pattern width of 23 points. If the confirmation resistance at 93.32 is broken, the price is likely to continue upward by at least 52 points.