Categories: Technical analysis

Coca-Cola Wave Analysis – 19 June 2025

Coca-Cola: ⬇️ Sell

– Coca-Cola broke the support zone

– Likely to fall to support level at 68.55

Coca-Cola recently broke the support zone located between the support level 70.35 (which reversed the price twice from May) and the 61.8% Fibonacci correction of the upward impulse 1 from May.

The breakout of this support zone coincided with the breakout of the daily Triangle from April – which accelerated the active correction 2.

Coca-Cola can be expected to fall to the next support level at 68.55 (former monthly low from May and the target for the completion of the active correction 2).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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Tags: coca-cola

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