KO Elliott Wave Analysis Trading Lounge Daily Chart,The Coca-Cola Company, (KO) Daily ChartKO Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave 3DIRECTION: Upside in wave 3.DETAILS: Looking for a correction in wave {iv} to be near completion to the resume higher and complete higher degree wave 3, ideally at 80$.(Click on image to enlarge)The Coca-Cola Company, (KO) 1H ChartKO Elliott Wave Technical AnalysisFUNCTION: Counter TrendMODE: CorrectiveSTRUCTURE: FlatPOSITION: Wave (c) of {iv}.DIRECTION: Bottom in wave (c).DETAILS: Looking for a bottom in wave (c), as we have reached equality of (c) vs (a) as well as we have reached 38.2% retracement of the advance in wave {iii}.(Click on image to enlarge)In this Elliott Wave analysis, we will review the trend structure of The Coca-Cola Company (KO) using both the daily and 1-hour charts to assess the current wave position and potential price movements.* KO Elliott Wave Technical Analysis – Daily Chart*On the daily chart, Coca-Cola (KO) is in wave 3 of a larger impulsive structure, and a correction in wave {iv} is expected to be near completion. Once this corrective phase ends, the stock should resume its upward trajectory, aiming for a target around 80 USD, which would likely complete the larger-degree wave 3.* KO Elliott Wave Technical Analysis – 1H Chart*On the 1-hour chart, the structure is currently undergoing a flat correction within wave (c) of {iv}. The wave (c) is nearing a potential bottom, as it has reached equality of wave (c) vs (a) and retraced to 38.2% of the previous advance in wave {iii}.More By This Author:
The Coca-Cola Company Stocks Elliott Wave Technical Analysis – Tuesday, October 8
