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

The Double Bottom pattern has been formed on #KO H1. 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 75.83 is broken. The further movements will rely on the width of the current pattern 111 points.

On the chart of #KO M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 76.60; the lower boundary 76.39; the width of the pattern 21 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 76.24 level.

According to the chart of M5, #KO formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 75.95 - 0.00 and support 75.50 – 75.50. In case the resistance level 75.50 - 75.50 is broken, the instrument is likely to follow the bearish trend.

The Double Top reversal pattern has been formed on #KO M15. Characteristics: the upper boundary 78.43; the lower boundary 76.36; the width of the pattern is 204 points. Sell trades are better to be opened below the lower boundary 76.36 with a possible movements towards the 76.14 level.

The Double Top reversal pattern has been formed on #KO M30. Characteristics: the upper boundary 78.43; the lower boundary 76.36; the width of the pattern is 204 points. Sell trades are better to be opened below the lower boundary 76.36 with a possible movements towards the 76.06 level.

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 78.16 is broken, the downward movement will continue.

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 77.50/77.37.

According to the chart of M5, #KO formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 77.01 – 77.01 and upper border 77.51 – 77.51. In case the lower border is broken, the instrument is likely to follow the downward trend.

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 77.03 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 Top pattern has formed on the chart of the #KO M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 0, support level -15, and pattern’s width 36. Forecast If the price breaks through the support level 78.03, it is likely to move further down to 78.28.