FX.co ★ #KO M30: Bearish pennant

The Bearish pennant pattern has formed on the #KO M30 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 59.60; the projection of the flagpole height is equal to 49 pips. In case the price breaks out the pattern’s bottom of 59.60, the downtrend is expected to continue for further level 59.30.