NYSE:KO   COCA-COLA CO
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2
Potential decrease to the fib line marked, as a formation of a head and shoulders can be seen.

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Have a similar idea.the price got rejected 3times at 50% fibo and still did not get to make a new HH. I believe it will go up a little more before coming down to 61.8% to enter long full power. Posted on my page if you want to check ;)

definitely not looking bullish yet imo. If you draw a bullish flag it looks like wave 5 is not completed that’s why I think will drop to 61.8% after that I would confident to enter long. Right now it’s in the middle of traffic so it can go both wayside
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