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

The Bearish Pennant pattern has formed on the #PEP M15 chart. It represents a brief consolidation before the price potentially resumes the prevailing trend. A short position may be considered if the price closes below the pattern low at 131.81.

The Bearish Pennant pattern has formed on the #PEP M30 chart. It represents a brief consolidation before the price potentially resumes the prevailing trend. A short position may be considered if the price closes below the pattern low at 131.77.

The Triple Top pattern has formed on the chart of #PEP M5 and signals a possible trend reversal. After the third peak forms, a break below the confirmation support at 138.00 may confirm the bearish scenario. The projected peak-to-trough width is 25 points.

The Triple Top reversal pattern has formed on the #PEP M5 chart. Its upper boundary is at 134.52/134.47, its lower boundary is at 134.04/134.22, and its current width is 24 points. If the confirmation support at 134.04 is broken, that width can be used to project the downward move.

The Double Top reversal pattern has formed on the #PEP M5 chart. Its upper boundary is at 133.44, its lower boundary is at 133.14, and its width is 28 points. A short position may be considered below the lower boundary at 133.14, with a potential target at 132.99.