FX.co ★ Actual patterns. Technical analysis and trading recommendations

According to the chart of M5, #PEP formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 182.17 – 182.17 and upper border 182.56 – 182.56. In case the upper border is broken, the instrument is likely to follow the upward trend.

According to the chart of M15, #PEP formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 178.58/179.78 and upper border is 180.85/179.78. The pattern width is measured on the chart at -227 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and #PEP breaches the lower border, the price could continue its move toward 179.55.

On the chart of #PEP M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 180.38; the lower boundary 179.93; the width of the pattern 45 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 179.78 level.

The Double Top pattern has been formed on #PEP H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 179.83 is broken, the downward movement will continue.

The Double Top reversal pattern has been formed on #PEP M5. Characteristics: the upper boundary 181.29; the lower boundary 180.81; the width of the pattern is 52 points. Sell trades are better to be opened below the lower boundary 180.81 with a possible movements towards the 180.66 level.

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 181.28, a further uptrend is possible.

The Bullish pennant graphic pattern has formed on the #PEP M5 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 181.44.

On the chart of #PEP M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 180.12; the lower boundary 179.68; the width of the pattern 44 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 179.46 level.

The Double Top pattern has been formed on #PEP M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 179.85 is broken, the downward movement will continue.

The Double Top reversal pattern has been formed on #PEP M5. Characteristics: the upper boundary 180.12; the lower boundary 179.85; the width of the pattern is 26 points. Sell trades are better to be opened below the lower boundary 179.85 with a possible movements towards the 179.70 level.