KO – The Coca-Cola Company Elliott Wave Analysis Daily Chart Overview
KO Elliott Wave Forecast
Function: Trend
Mode: Impulsive
Structure: Motive
Position: Wave 3
Direction: Acceleration in wave 3
Details:
The Elliott Wave setup for Coca-Cola (KO) on the daily chart remains highly bullish. The current price movement supports a rise into Intermediate Wave (3), with a projected target near the $100 mark. A confirmed breakout to new all-time highs (ATH) would indicate sustained bullish momentum and validate the upward trend forecast.
KO – The Coca-Cola Company Elliott Wave Analysis 1-Hour Chart Overview
Function: Trend
Mode: Impulsive
Structure: Motive
Position: Wave {iii} of 3
Direction: Upside in wave {iii}
Details:
Short-term Elliott Wave analysis suggests that Wave {ii} has completed, positioning KO for a strong advance in Wave {iii}. However, an alternate scenario may be unfolding, where the move marks the completion of Wave {b} of 2. This would imply a potential short-term pullback. A confirmed breakout will be necessary to validate the preferred bullish wave count.
Technical Analyst: Alessio Barretta
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