Bounce Off Floor for Pepsico. PEP
This is a second bounce post completion of a fairly obvious downward five wave impulse. Usually, when this happens more than twice, price action turns around and goes the other way. Despite lagging, the VZO/StochRSI combo both produced signals. vWAP and Ehlers Ultimate Smoother are both supportive.
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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.