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

The Bullish pennant pattern is formed on the #PEP M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 168.78, a further uptrend is possible.

The Triple Top pattern has formed on the chart of the #PEP M15 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 62, support level -126, and pattern’s width 364. Forecast If the price breaks through the support level 164.23, it is likely to move further down to 167.35.

The Triple Top pattern has formed on the chart of the #PEP M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 164.23/166.04 with the upper limit 167.87/167.45; the projection of the width is 364 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 164.23, the price is most likely to continue the downward movement.

The Bullish pennant pattern is formed on the #PEP M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 168.16, a further uptrend is possible.

The Bullish pennant graphic pattern has formed on the #PEP M5 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 162.20.

The Bullish pennant pattern is formed on the #PEP M15 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 155.11, a further uptrend is possible.

The Double Bottom pattern has been formed on #PEP M5; the upper boundary is 149.43; the lower boundary is 148.61. The width of the pattern is 89 points. In case of a break of the upper boundary 149.43, 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 Bullish pennant graphic pattern has formed on the #PEP 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 151.14.

The Bullish Flag pattern has been formed on the chart #PEP M5 which signals that the upward trend will continue. Signals: а break of the peak at 147.29 may push the price higher, and the rise will be the projection of the pole.

According to the chart of M15, #PEP formed the Head and Shoulders pattern. The Head’s top is set at 146.98 while the median line of the Neck is found at 145.59/145.49. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of #PEP will go towards 145.26.