This looks like it could be a gigantic cup and handle forming for Coca Cola. The top from 1998 ($44) was recently hit again forming the cup. Right now some consolidation is happening and forming the handle. The handle looks kind of sloppy to my, but regardless, if this breaks up above and has high volume $45 I see a %50 - %100 rise playing out .
Coca-Cola trades in macro range - on 5 and 10 year basis. Price is now currently trading between 2 key levels. The lower level is 5-year (260 weeks) mean. The higher level is upper 1st standard deviation from 10-year (520 weeks) mean. Price trading within 1 standard deviation is not trending, thus the range outlined above is lateral. On short term basis,...
Entry point at 88,6% Fibo of XA SL at 113% Fibo of XA TP at 61,8% Fibo of AD confirmed by previous structures Perfect ABCD within the Bat Pattern
#KO #COCACOLA Long Idea Butterfly Pattern Do you own analysis but I hope this give you some useful ideas, don't forget to hit the like button :) Thanks
Fibonachi Levels Coca-cola , Should Fall to to rise Fibonachi Levels Show and RSi Support idea