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

The Double Bottom pattern has been formed on #PEP 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 146.51 is broken. The further movements will rely on the width of the current pattern 39 points.

The Triple Bottom pattern has formed on the chart of the #PEP M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 147.44/147.33.

According to the chart of M5, #PEP formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 146.70 – 146.70 and upper border 147.44 – 147.44. In case the lower border is broken, the instrument is likely to follow the downward trend.

The Bearish pennant pattern has formed on the #PEP M5 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 147.72, a trader will be able to successfully enter the sell position.

On the chart of #PEP M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 149.80; the lower boundary 148.50; the width of the pattern 130 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 148.27 level.

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 148.50, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 124 points.

The Triple Bottom pattern has formed on the chart of the #PEP M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 145.96/145.38.

The Double Bottom pattern has been formed on #PEP M5. Characteristics: the support level 144.93; the resistance level 145.96; the width of the pattern 103 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 106 points.

The Double Bottom pattern has been formed on #PEP M5. Characteristics: the support level 143.93; the resistance level 144.86; the width of the pattern 93 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 96 points.

On the chart of #PEP M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 145.37; the lower boundary 144.80; the width of the pattern 57 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 144.65 level.