#KO M5 Bearish Rectangle

According to the chart of M5, #KO formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 48.76 - 0.00 and support 48.51 – 48.51. In case the resistance level 48.51 - 48.51 is broken, the instrument is likely to follow the bearish trend.