Coca-Cola Wave Analysis – 29 October, 2021
October 29, 2021 @ 18:29 +03:00
![Coca-Cola Wave Analysis – 29 October, 2021 Coca-Cola Wave Analysis – 29 October, 2021](https://fxpro.news/wp-content/uploads/2020/01/coca-cola-logo.jpg)
• Coca-Cola broke daily down channel
• Likely to rise to resistance level 56.85                                                                 Â
Coca-Cola continues to rise inside the minor impulse wave 3 which previously broke the wide daily down channel from July.
The active impulse wave 3 belongs to the higher level impulse wave (3) – which started at the bottom of the aforementioned down channel.
Given the clear daily uptrend , Coca-Cola can be expected to rise further toward the next resistance level 56.85 (target price for the completion of the impulse wave 3, top of wave B from September).
![](https://fxpro.news/wp-content/uploads/2021/10/ko2-primary-analysis-oct-29-1800-pm-1-day-1024x479.png)