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 .
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 break up above $45 I see a %50 - %100 rise playing out .
We might have a bearish bat pattern on the Daily KO chart. - AB is just over a .5 retracement of XA - BC is just short of the .382 retracement of AB - Looking left we do have structure at point D. Stops go above X, TP 1 @ the .382 retracement of AD.
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
Shorting Coca-Cola bottling company. Why? Price is near 52 week high. Recent strong rally in price, on no news. Price stopped accelerating upward, slowing/stopping (bulls are done). Consumer sentiment for sugary beverages continues to fall. Biggest sales are Europe which is currently burning the Euro. Price targets * 100 * 91 I'm not confident on the...
KO expected to open at 42.68 for a Gap N Go. Last candle bullish on the hourly. To learn to trade this strategy for free go to www.RealLifeTrading.com
#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