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

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.

The Bearish pennant pattern has formed on the #KO M30 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 77.62 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 Bearish pennant pattern has formed on the #KO H1 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 77.50 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 #KO M30 formed the Head and Shoulders pattern with the following features: The Head’s top is at 81.68, the Neckline and the upward angle are at 80.28/80.28. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of #KO will go towards 79.98.