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

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 61.90 is broken, the downward movement will continue.

According to the chart of M5, #KO formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 61.83 – 61.83 and upper border 62.13 – 62.13. In case the upper border is broken, the instrument is likely to follow the upward trend.

On the chart of the #KO M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 61.85, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 25 points.

The Double Bottom pattern has been formed on #KO M15. 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 61.74 is broken. The further movements will rely on the width of the current pattern 24 points.

The Bearish pennant pattern has formed on the #KO H1 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 61.23, a trader will be able to successfully enter the sell position.

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 61.23 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 H1. Characteristics: the support level 62.49; the resistance level 63.08; the width of the pattern 59 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 62 points.

The Double Bottom pattern has been formed on #KO M5. Characteristics: the support level 63.55; the resistance level 63.73; the width of the pattern 18 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 18 points.

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 62.99 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.

On the chart of the #KO M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 63.61, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 30 points.