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

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 69.41 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.

The Bearish pennant pattern has formed on the #KO M30 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 69.41; the projection of the flagpole height is equal to 105 pips. In case the price breaks out the pattern’s bottom of 69.41, the downtrend is expected to continue for further level 69.11.

The Bullish pennant pattern is formed on the #KO M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 69.96, a further uptrend is possible.

The Bullish pennant graphic pattern has formed on the #KO 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 69.96.

According to the chart of M5, #KO formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 69.15/69.25 and upper border is 69.38/69.25. The pattern width is measured on the chart at -23 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and #KO breaches the lower border, the price could continue its move toward 69.10.

The Double Bottom pattern has been formed on #KO M15; the upper boundary is 69.43; the lower boundary is 68.84. The width of the pattern is 57 points. In case of a break of the upper boundary 69.43, 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 Bearish pennant pattern has formed on the #KO M15 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 69.59 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 Double Bottom pattern has been formed on #KO M5. 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 69.98 is broken. The further movements will rely on the width of the current pattern 27 points.

The Bearish pennant pattern has formed on the #KO M30 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 70.13; the projection of the flagpole height is equal to 87 pips. In case the price breaks out the pattern’s bottom of 70.13, the downtrend is expected to continue for further level 69.83.

According to the chart of M5, #KO formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 70.20/70.36 and upper border is 70.58/70.36. The pattern width is measured on the chart at -38 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and #KO breaches the lower border, the price could continue its move toward 70.21.