A quick word on what is going on with Coca-Cola.
It seems like we are seeing the largest correction from the Covid lows in March 2020.
Looking for another leg lower into wave (C) before we could expect some upside.
As always feel free to as questions and leave a like if you enjoy the content!
Trade safe!
Ticker symbol NYSE:KO looking for one last move lower into wave {v} of C to potentially reach equality of C vs. A to then resume higher.
Questions are always welcome, trade safe!
KO $KO Continuation Short (invalid actually). This is an invalid continuation short, but posting it anyway. TP and SL on chart. Move SL on TP. After TP2, trail with 0.5ATR step and 1.5ATR offset.
Exactly happened on the previous pattern, trendline broken, retested and then slips down to 41.50. After, it consolidated. Now, it broke the structure again and retested the trendline and got rejected. For me, it is a potential sell to 38.29
