Categories: Technical analysis

Coca-Cola Wave Analysis – 3 March 2025

  • Coca-Cola reversed from round support level 70.00
  • Likely to rise to resistance level 72.45

Coca-Cola recently reversed up sharply from the round support level 70.00, former resistance from October.

The upward reversal from the support level 70.00 continues the active short-term impulse wave 3 of the sharp impulse wave (3) from January.
                                                                   
Coca-Cola can be expected to rise to the next resistance level 72.45 (top of the Shooting Star from October) – followed by the resistance level 73.45 (multi-month high from last September).

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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