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

The Triple Bottom pattern has formed on the chart of #KO M5. Features of the pattern: The lower line of the pattern has coordinates 71.24 with the upper limit 71.24/71.19, 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 71.06, the price is most likely to continue the upward movement.

The Triple Bottom pattern has been formed on #KO M5. It has the following characteristics: resistance level 71.35/71.24; support level 71.15/71.05; the width is 20 points. In the event of a breakdown of the resistance level of 71.35, the price is likely to continue an upward movement at least to 71.21.

The Double Top reversal pattern has been formed on #KO M15. Characteristics: the upper boundary 71.90; the lower boundary 71.18; the width of the pattern is 69 points. Sell trades are better to be opened below the lower boundary 71.18 with a possible movements towards the 70.96 level.

The Bullish pennant graphic pattern has formed on the #KO H1 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 72.25.

The Double Top reversal pattern has been formed on #KO M30. Characteristics: the upper boundary 71.85; the lower boundary 71.29; the width of the pattern is 61 points. Sell trades are better to be opened below the lower boundary 71.29 with a possible movements towards the 70.99 level.

According to the chart of M5, #KO formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 71.85, the lower border is 71.29. The signal means that a long position should be opened above the upper border 71.85 of the Bullish Rectangle.

The Double Top reversal pattern has been formed on #KO M5. Characteristics: the upper boundary 71.80; the lower boundary 71.31; the width of the pattern is 54 points. Sell trades are better to be opened below the lower boundary 71.31 with a possible movements towards the 71.16 level.

The Bullish pennant signal – Trading instrument #KO M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 71.93, with the prospect of the next move being a projection of the flagpole height.

The Double Top reversal pattern has been formed on #KO M5. Characteristics: the upper boundary 71.31; the lower boundary 70.97; the width of the pattern is 32 points. Sell trades are better to be opened below the lower boundary 70.97 with a possible movements towards the 70.82 level.

The Bullish pennant pattern is formed on the #KO M15 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 70.94, a further uptrend is possible.