The Coca-Cola Company (KO) Elliott Wave technical forecast [Video]
|KO Elliott Wave technical analysis
Function: Trend.
Mode: Impulsive.
Structure: Motive.
Position: Wave 2 of (1).
Direction: Upside in wave 3.
Details: We have been monitoring KO for a while now, but the count seems to be evolving continuously. At this point we are still looking for further upside into wave 3, not before we’ll complete the correction in wave 2.
KO Elliott Wave technical analysis – Daily chart
Our analysis indicates a trending function characterized by impulsive mode and motive structure, positioned in Wave 2 of (1). The direction points to upside momentum in wave 3. Despite continuous evolution in the count, we remain focused on anticipating further upside into wave 3, awaiting the completion of the correction in wave 2.
KO Elliott Wave technical analysis
Function: Counter Trend.
Mode: Corrective.
Structure: Flat.
Position: Minute wave {b}.
Direction: Looking for upside in wave {b}.
Details: At this point we are considering a triangle in wave {b} to then continue lower into wave {c} towards 58$ where wave {ii} of the diagonal stands, which is a very common target for a wave 2 after a diagonal in wave 1.
KO Elliott Wave technical analysis – Four-hour chart
Here, we identify a counter trend function marked by corrective mode and flat structure, positioned in Minute wave {b}. The direction suggests potential upside movement in wave {b}. We are currently considering the formation of a triangle in wave {b}, anticipating a subsequent move lower into wave {c} towards $58, coinciding with the location of wave {ii} of the diagonal. This target aligns with common patterns observed after a diagonal in wave 1.
The Coca-Cola Company (KO) Elliott Wave technical forecast [Video]
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