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

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 61.53, with the prospect of the next move being a projection of the flagpole height.

The Bullish pennant pattern is formed on the #KO M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 60.92, a further uptrend is possible.

On the chart of #KO M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 60.37; the lower boundary 60.26; the width of the pattern 11 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 60.11 level.

The Bullish Flag pattern has been formed on the chart #KO M15 which signals that the upward trend will continue. Signals: а break of the peak at 60.34 may push the price higher, and the rise will be the projection of the pole.

According to the chart of M5, #KO formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 58.81/58.71 whereas the lower border goes across 58.62/58.71. The pattern width is measured on the chart at 19 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 58.71 is broken, the price could continue its move toward 58.86.

The Triple Bottom pattern has formed on the chart of #KO M5. Features of the pattern: The lower line of the pattern has coordinates 59.16 with the upper limit 59.16/58.87, the projection of the width is 36 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 58.80, the price is most likely to continue the upward movement.

The Bearish Flag pattern has been formed on the chart #KO M30 which signals that the downward trend will continue. If the price breaks below the low at 59.60, then it is most likely to move further downwards. The price will likely move by the number of points which equals the length of the flag pole (20 points).

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.

The Double Bottom pattern has been formed on #KO M5. Characteristics: the support level 59.79; the resistance level 60.09; the width of the pattern 30 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 30 points.

The Triple Top pattern has formed on the chart of the #KO M30. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 60.70/61.02 with the upper limit 61.18/61.17; the projection of the width is 48 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 60.70, the price is most likely to continue the downward movement.