FX.co ★ Actual patterns. Technical analysis and trading recommendations

According to the chart of M5, #KO formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 78.44/78.87 whereas the upper border goes across 79.18/78.87. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of #KO will breach the upper border to head for 79.02.

The Triple Bottom pattern has formed on the chart of #KO M5. Features of the pattern: The lower line of the pattern has coordinates 78.82 with the upper limit 78.82/78.49, the projection of the width is 54 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 78.28, the price is most likely to continue the upward movement.

The Double Top reversal pattern has been formed on #KO D1. Characteristics: the upper boundary 82.66; the lower boundary 80.24; the width of the pattern is 226 points. Sell trades are better to be opened below the lower boundary 80.24 with a possible movements towards the 79.84 level.

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 81.09 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 Double Bottom pattern has been formed on #KO M15. 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 80.68 is broken. The further movements will rely on the width of the current pattern 42 points.

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 80.71 is broken, the downward movement will continue.

The Bullish pennant graphic pattern has formed on the #KO M30 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 82.96.

The Double Bottom pattern has been formed on #KO M30; the upper boundary is 78.76; the lower boundary is 77.73. The width of the pattern is 103 points. In case of a break of the upper boundary 78.76, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

The Double Bottom pattern has been formed on #KO M15; the upper boundary is 78.76; the lower boundary is 77.73. The width of the pattern is 103 points. In case of a break of the upper boundary 78.76, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

The Triple Bottom pattern has formed on the chart of #KO M5. Features of the pattern: The lower line of the pattern has coordinates 79.09 with the upper limit 79.09/78.53, the projection of the width is 73 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 78.36, the price is most likely to continue the upward movement.