The Bearish Flag pattern has been formed on #PEP at M5. The lower boundary of the pattern is located at 136.41/137.03 while the upper boundary lies at 137.09/137.71. The projection of the flagpole is 184 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 136.41 is broken, the price will move further downwards.