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

According to the chart of M15, #PEP formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 133.94 is likely to encourage a continuation of the downward trend.

According to the chart of M5, #PEP produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 133.94 while the median line of the Neck is set at 134.99/134.95. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of #PEP will go towards 135.10.

The Double Bottom pattern has been formed on #PEP D1. Characteristics: the support level 134.92; the resistance level 149.02; the width of the pattern 1410 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 1432 points.

The Double Bottom pattern has been formed on #PEP D1. 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 149.02 is broken. The further movements will rely on the width of the current pattern 1410 points.

According to the chart of M5, #PEP formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 134.70 is likely to encourage a continuation of the downward trend.

The Double Bottom pattern has been formed on #PEP H1. Characteristics: the support level 134.74; the resistance level 140.22; the width of the pattern 548 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 552 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 136.30/136.09.

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.

The Bearish pennant pattern has formed on the #PEP M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 136.41 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.

On the chart of #PEP M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 149.02; the lower boundary 147.79; the width of the pattern 123 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 147.64 level.