PepsiCo is thirsty for more, heading upwards and striving for the green zone between $195.83 and $212.31 purposefully. Soon, the share should reach its goal and complete wave (I) in white. Afterwards, it should rebound from the upper edge of our pink trend channel and start an extended downwards movement, leaving the pink trend channel on the southern side and dropping below the support at $155.11. There is a 34% chance, though, that PepsiCo might finish wave alt.3 in green in the green zone instead and stop the descent above the support at $155.11. In that case, it should conclude wave alt.4 in green at this level and turn upwards earlier already.
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📊 Free daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
Related publications
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.