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FX.co ★ Patterns #KO | The Coca-Cola Company Stock Price

#KO M5

Triple Top
The Triple Top pattern has formed on the chart of the #KO M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 48.68/48.69 with the upper limit 48.78/48.82; the projection of the width is 10 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 48.68, the price is most likely to continue the downward movement.
2021-01-25

#KO H1

Double Bottom
The Double Bottom pattern has been formed on #KO H1. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 49.08 is broken. The further movements will rely on the width of the current pattern 85 points.
2021-01-25

#KO M5

Bearish Rectangle
According to the chart of M5, #KO formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 48.76, the lower border is 48.51. The signal means that a short position should be opened after fixing a price below the lower border 48.51 of the Bearish Rectangle.
2021-01-22

#KO M5

Bearish pennant
The Bearish pennant pattern has formed on the #KO M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 48.51 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.
2021-01-22

#KO M15

Bullish pennant
The Bullish pennant signal – Trading instrument #KO M15, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 49.12, with the prospect of the next move being a projection of the flagpole height.
2021-01-21

#KO M30

Inverse Head and Shoulder
According to M30, #KO is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 48.90/48.81 is broken out, the instrument is likely to move toward 49.11.
2021-01-21

#KO M5

Double Top
On the chart of #KO M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 48.57; the lower boundary 48.45; the width of the pattern 12 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 48.30 level.
2021-01-20

#KO M15

Double Bottom
The Double Bottom pattern has been formed on #KO M15. Characteristics: the support level 48.23; the resistance level 48.46; the width of the pattern 23 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 22 points.
2021-01-19

#KO M5

Double Bottom
The Double Bottom pattern has been formed on #KO M5; the upper boundary is 48.46; the lower boundary is 48.24. The width of the pattern is 23 points. In case of a break of the upper boundary 48.46, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.
2021-01-19

#KO M30

Bearish pennant
The Bearish pennant pattern has formed on the #KO M30 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 48.20, a trader will be able to successfully enter the sell position.
2021-01-19