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

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.

On the chart of the #KO 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 83.36, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 35 points.

On the chart of #KO M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 83.73; the lower boundary 83.36; the width of the pattern 37 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 83.21 level.

The Bullish pennant pattern is formed on the #KO M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 83.33, a further uptrend is possible.

The Bullish Flag pattern which signals continuation of a trend has been formed on the chart #KO M5. Forecast: if the price breaks above the pattern high at 83.33, then traders will be able to place a long deal with the target at 83.48.

The Double Bottom pattern has been formed on #KO M15; the upper boundary is 81.97; the lower boundary is 80.95. The width of the pattern is 96 points. In case of a break of the upper boundary 81.97, 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.

According to the chart of M5, #KO formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 80.02/80.64 and upper border is 81.55/80.64. The pattern width is measured on the chart at -153 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 #KO breaches the lower border, the price could continue its move toward 80.49.