Coca-Cola: ⬇️ Sell
– Coca-Cola reversed from resistance zone
– Likely to fall to support level 86.00
Coca-Cola recently reversed down sharply from the resistance zone between the resistance level 90.95 (which reversed impulse wave in July) and the upper daily Bollinger Band.
The downward reversal from this resistance zone started the active short-term ABC wave ii that belongs to wave 5 from July.
Coca-Cola can be expected to fall further to the next support level 86.00 – low of the previous minor correction b.