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

According to the chart of M5, #KO formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 79.18, the lower border is 78.99. The signal means that a short position should be opened after fixing a price below the lower border 78.99 of the Bearish Rectangle.

The Double Bottom pattern has been formed on #KO M5; the upper boundary is 79.18; the lower boundary is 79.01. The width of the pattern is 19 points. In case of a break of the upper boundary 79.18, 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 Flag pattern has been formed on the chart #KO M5 which signals that the downward trend will continue. If the price breaks below the low at 78.97, then it is most likely to move further downwards. The price will likely move by the number of points which equals the length of the flag pole (10 points).

The Bearish pennant pattern has formed on the #KO M5 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 78.97, a trader will be able to successfully enter the sell position.

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 79.05 is broken, the downward movement will continue.

On the chart of #KO M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 79.38; the lower boundary 79.25; the width of the pattern 13 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 79.10 level.

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 6, support level -6, and pattern’s width 54. Forecast If the price breaks through the support level 79.86, it is likely to move further down to 80.07.

The Double Bottom pattern has been formed on #KO M5. Characteristics: the support level 76.13; the resistance level 76.50; the width of the pattern 37 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 33 points.

The #KO M30 formed the Head and Shoulders pattern with the following features: The Head’s top is at 79.19, the Neckline and the upward angle are at 77.24/77.53. 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 77.23.

The Double Top reversal pattern has been formed on #KO M30. Characteristics: the upper boundary 78.78; the lower boundary 77.87; the width of the pattern is 98 points. Sell trades are better to be opened below the lower boundary 77.87 with a possible movements towards the 77.57 level.