Coca-Cola Wave Analysis 8 April, 2021
April 08, 2021 @ 18:00 +03:00
• Coca-Cola reversed from support level 52.40
• Likely to reach resistance level 53.7
Coca-Cola recently reversed up from the support level 52.40 (former strong resistance from March), standing near the 38.2% Fibonacci correction of the upward impulse 1.
The upward reversal from the support level 52.40 started the active minor impulse wave 3 of the impulse wave (3) from March.
Coca-Cola is likely to rise further in the active impulse wave 3 toward the next resistance level 53.71 (top of the previous impulse wave 1).