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 159.06, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 88 points.

The Double Top reversal pattern has been formed on #PEP M5. Characteristics: the upper boundary 159.88; the lower boundary 159.57; the width of the pattern is 31 points. Sell trades are better to be opened below the lower boundary 159.57 with a possible movements towards the 159.42 level.

The Bearish pennant pattern has formed on the #PEP M30 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 155.85 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 #PEP M30 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 155.85 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 Triple Bottom pattern has formed on the chart of the #PEP M30 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 159.96/159.81.

The Triple Bottom pattern has formed on the chart of the #PEP M15 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 159.96/159.81.

The Double Bottom pattern has been formed on #PEP M5. Characteristics: the support level 158.40; the resistance level 158.85; the width of the pattern 45 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 40 points.

According to the chart of M5, #PEP produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 163.15 while the median line of the Neck is set at 164.54/164.42. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of #PEP will go towards 164.57.

The Double Top reversal pattern has been formed on #PEP M5. Characteristics: the upper boundary 165.80; the lower boundary 165.54; the width of the pattern is 26 points. Sell trades are better to be opened below the lower boundary 165.54 with a possible movements towards the 165.39 level.

According to the chart of M5, #PEP formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 163.58 – 163.58 and upper border 165.26 – 165.26. In case the lower border is broken, the instrument is likely to follow the downward trend.