As primarily anticipated, Coca-Cola has recently established the peak of wave [iii] in magenta just below the resistance at $73.53. The stock then dropped by approximately 5%. We now expect the low of wave [iv] in magenta to occur soon, and afterward, wave [v] should bring significant gains, thus completing the large wave III in beige. Our Target Zone for this wave III top lies between $75.42 and $78.88. It provides opportunities to either close existing long positions or to open new short trades.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.