Hourly downtrend inside of Daily downtrend. Nice 15 minute supply zone to hop on board.
Did I follow my plan?
Entry: Yes
Exit:
What mistakes did I make?
What could I have done better?
What rules would have helped the above?
So much to talk about in 1 chart!
NYSE:KO , 5min
At 3:15pm Friday, we finally broke value for the week, then month, and year, down to take out two VPOCs (weekly and daily).
Great example of how price obeys #MarketWebs across timeframes!
VPOCs act as magnets for the market. They are where price and volume were most active in the past and the market remembers these levels. Often price will reverse from tagging these levels.
They're great for trade targets or for trade entries with limit orders.
Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 60.6/61.80%
Chart time frame : B
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : A
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance....
Coca-Cola, a well-known and popular beverage, has established a strong presence in the fast-food industry and has become a household name. However, it's important to recognize that The Coca-Cola Company offers more than just its flagship cola. In fact, the company boasts a beverage portfolio of over 200 brands, which holds substantial value and should not be...
After closing my trade on Qualcomm with a 12% profit, jumped into Coca-Cola stock. The pattern seems very interesting, it has got a clean double top and multiple bottoms. The volume also started to increase
Entered the trade at $59 dollars, and will wait until it touches $64.50. This is not a very volatile stock, so it is going to take a while to reach our target...
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!
Despite the overall market surge in 2023, Coca-Cola shares have experienced a decline in price, hovering around the pre-pandemic level of $60 per share. This underperformance reflects modest expectations from Wall Street regarding sales and earnings growth in the near term, especially if consumer spending slows down and a potential recession looms. However, even...
Coca-Cola has formed an Inverted Roof Topping Pattern and is Currently Breaking Down after Bearishly Diverging on the weekly and Bearishly Engulfing on the monthly; if things go as expected then Coca-Cola will come down to make at least a 61.8% Retrace, but I think it could go all the wa down to as low as the 0.886 as all the Defensive Plays begin to deflate.
KO on the 4 H chart is ready for a long trade. Stop Loss is just below the green demand zone of
the Luxalgo indicator while the target is just below the red supply zone of the indicator.
I will take a long trade of call options with a strike of $ 60.00 expiring in September but a
stock trade has 6-7% upside with a stop loss of 0.5% making it an excellent...
