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

The Double Bottom pattern has been formed on #KO H1; the upper boundary is 63.55; the lower boundary is 62.29. The width of the pattern is 121 points. In case of a break of the upper boundary 63.55, 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 Double Bottom pattern has been formed on #KO M5; the upper boundary is 62.56; the lower boundary is 62.29. The width of the pattern is 25 points. In case of a break of the upper boundary 62.56, 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.

On the chart of #KO M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 63.63; the lower boundary 63.36; the width of the pattern 27 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 63.21 level.

The Triple Top pattern has formed on the chart of the #KO M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 63.21/63.23 with the upper limit 63.55/63.51; the projection of the width is 34 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 63.21, the price is most likely to continue the downward movement.

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 63.21 – 63.21 and upper border 63.55 – 63.55. In case the upper border is broken, the instrument is likely to follow the upward trend.

According to the chart of M15, #KO formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 63.08/63.51 whereas the upper border goes across 63.92/63.51. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of #KO will breach the upper border to head for 63.74.

On the chart of #KO M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 63.84; the lower boundary 63.09; the width of the pattern 75 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 62.79 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 63.64 is broken, the downward movement will continue.

According to the chart of M5, #KO formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 63.74, the lower border is 63.49. The signal means that a long position should be opened above the upper border 63.74 of the Bullish Rectangle.

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 3, support level -47, and pattern’s width 66. Forecast If the price breaks through the support level 62.26, it is likely to move further down to 62.78.