Categories: Technical analysis

Coca-Cola Wave Analysis 28 December, 2020

• Coca-Cola rising inside impulse wave (iii)

• Likely to rise to 54.00

Coca-Cola remains well bough after the price reversed up with the daily Hammer from the major support level 52.00 (former multi-month high from September, which has been reversing the price from November) – standing near the lower daily Bollinger Band.

The upward reversal from the support level 52.00 started the active short-term impulse wave (iii) – which belongs to waves 5 and (C).

Coca-Cola is expected to rise further toward the next resistance level 54.00 (top of the previous impulse waves (iii), 1 and (v)).

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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