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FX.co ★ Patterns #PEP | PepsiCo, Inc. Stock Price

#PEP M15

Bearish pennant
The Bearish pennant pattern has formed on the #PEP M15 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 138.51, a trader will be able to successfully enter the sell position.
2021-01-22

#PEP M5

Bearish pennant
The Bearish pennant pattern has formed on the #PEP M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 138.50 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

#PEP M5

Double Top
The Double Top pattern has been formed on #PEP M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 139.77 is broken, the downward movement will continue.
2021-01-21

#PEP M30

Bearish Symmetrical Triangle
According to the chart of M30, #PEP formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 139.43/141.72 and upper border is 143.70/141.72. The pattern width is measured on the chart at -427 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and #PEP breaches the lower border, the price could continue its move toward 141.
2021-01-15

#PEP H1

Bearish Symmetrical Triangle
According to the chart of H1, #PEP formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 139.43/141.69 and upper border is 143.74/141.69. The pattern width is measured on the chart at -431 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and #PEP breaches the lower border, the price could continue its move toward 141.
2021-01-15

#PEP M5

Triple Top
The Triple Top pattern has formed on the chart of the #PEP M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -6, support level -5, and pattern’s width 46. Forecast If the price breaks through the support level 142.70, it is likely to move further down to 143.00.
2021-01-13

#PEP M5

Bullish Rectangle
According to the chart of M5, #PEP formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 143.16, the lower border is 142.70. The signal means that a long position should be opened above the upper border 143.16 of the Bullish Rectangle.
2021-01-13

#PEP M5

Triple Top
On the chart of the #PEP M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 142.10, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 70 points.
2021-01-13

#PEP M5

Double Top
The Double Top reversal pattern has been formed on #PEP M5. Characteristics: the upper boundary 142.80; the lower boundary 142.10; the width of the pattern is 73 points. Sell trades are better to be opened below the lower boundary 142.10 with a possible movements towards the 141.95 level.
2021-01-13

#PEP H1

Bearish pennant
The Bearish pennant pattern has formed on the #PEP H1 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 141.55, a trader will be able to successfully enter the sell position.
2021-01-12