FX.co ★ Patterns #PEP | PepsiCo, Inc. Stock Price

On the chart of the #PEP 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 163.36, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 93 points.

On the chart of #PEP M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 164.27; the lower boundary 163.36; the width of the pattern 91 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 163.21 level.

The Triple Bottom pattern has formed on the chart of the #PEP M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 161.78/161.37.

The Bearish Flag pattern has been formed on #PEP at M5. The lower boundary of the pattern is located at 162.85/163.51 while the upper boundary lies at 163.71/164.37. The projection of the flagpole is 218 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 162.85 is broken, the price will move further downwards.

The Bearish pennant pattern has formed on the #PEP 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 162.85, a trader will be able to successfully enter the sell position.

The Double Bottom pattern has been formed on #PEP M5. Characteristics: the support level 168.73; the resistance level 169.48; the width of the pattern 75 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 76 points.

The Bearish pennant pattern has formed on the #PEP M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 166.69 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 Bullish pennant pattern is formed on the #PEP M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 168.78, a further uptrend is possible.

The Triple Top pattern has formed on the chart of the #PEP M15 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 62, support level -126, and pattern’s width 364. Forecast If the price breaks through the support level 164.23, it is likely to move further down to 167.35.

The Triple Top pattern has formed on the chart of the #PEP M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 164.23/166.04 with the upper limit 167.87/167.45; the projection of the width is 364 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 164.23, the price is most likely to continue the downward movement.