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

The Bullish pennant pattern is formed on the #KO H1 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 90.20, a further uptrend is possible.

The Triple Bottom pattern has formed on the chart of the #KO M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 88.16/87.96.

The Bullish pennant pattern is formed on the #KO M30 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 90.20, a further uptrend is possible.

On the chart of #KO M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 84.13; the lower boundary 83.40; the width of the pattern 73 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 83.25 level.

The Bullish pennant pattern is formed on the #KO M30 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 84.10, a further uptrend is possible.

The Triple Bottom pattern has formed on the chart of #KO M15. Features of the pattern: The lower line of the pattern has coordinates 81.68 with the upper limit 81.68/81.32, the projection of the width is 80 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 80.88, the price is most likely to continue the upward movement.

The Double Top pattern has been formed on #KO M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 81.31 is broken, the downward movement will continue.

The Double Bottom pattern has been formed on #KO M5. 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 82.35 is broken. The further movements will rely on the width of the current pattern 103 points.

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 82.27 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.

The Triple Bottom pattern has formed on the chart of #KO M5. Features of the pattern: The lower line of the pattern has coordinates 83.38 with the upper limit 83.38/83.36, the projection of the width is 18 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 83.20, the price is most likely to continue the upward movement.