KO Elliott Wave Analysis Trading Lounge Daily Chart, 6 March 24
Welcome to our KO Elliott Wave Analysis Trading Lounge, your go-to destination for in-depth insights into The Coca-Cola Company (KO) using Elliott Wave Technical Analysis. Let's delve into the market dynamics as of the Daily Chart on 6 March 24
The Coca-Cola Company, (KO) Daily Chart Analysis
KO Elliott Wave Technical Analysis
FUNCTION: Trend
MODE: Motive
STRUCTURE: Impulsive
POSITION: Minor wave 2 of (3).
DIRECTION: Completion of wave {c} of 2.
DETAILS: Looking for support to be found on top of 60$, as we seem to have resumed from the 50$ low impulsively and we have yet to confirm th count, breaking previous wave (X) at Medium Level 65$.
KO Elliott Wave Technical Analysis – Daily Chart*
Our analysis reveals a trend function with a motive mode, characterized by an impulsive structure. Positioned in Minor wave 2 of (3), we anticipate the completion of wave {c} of 2. Our focus lies on finding support above $60, following the resumption from the $50 low in an impulsive manner. Confirmation of this count entails breaking the previous wave (X) at Medium Level $65.
KO Elliott Wave Analysis Trading Lounge 4Hr Chart, 6 March 24
The Coca-Cola Company, (KO) 4Hr Chart Analysis
Elliott Wave Technical Analysis for KO
FUNCTION: Counter Trend
MODE: Corrective
STRUCTURE: Flat
POSITION: Wave {c} of 2.
DIRECTION: Completion of wave {c} of 2.
DETAILS: Looking for a bottom in wave {c}, we have hit equality of {c} vs. {a} at 59.5$, looking to reach the demand zone at 58$ to then expect a turn higher.
KO Elliott Wave Technical Analysis – 4Hr Chart
Here, we identify a counter-trend function with a corrective mode, marked by a flat structure. Positioned in Wave {c} of 2, we anticipate the completion of Wave {c} of 2. Our attention is directed towards identifying a bottom in wave {c}, with equality observed between {c} and {a} at $59.5. We anticipate reaching the demand zone at $58, followed by an upward reversal.
Technical Analyst: Alessio Barretta
Source: visit Tradinglounge.com and learn From the Experts Join TradingLounge Here
See Previous: Apple Inc., (AAPL)
TradingLounge Once Off SPECIAL DEAL: Here > 1 month Get 3 months.
