Hi traders:
KO is looking very good for mid/long term buy.
We see the price had a massive dropped from Covid, and strong bullish impulse up, forming a larger correction.
When we dropped down to lower time frame, we see a potential rejection off the bottom of the structure,
and forming a continuation correction.
I will wait for confirmation of a completion of the structure, and look for buy setups.
Traders, if you like my analysis, please like, follow, and comment. I welcome all kinds of feedback, suggestions and opinions, thank you.
KO is looking very good for mid/long term buy.
We see the price had a massive dropped from Covid, and strong bullish impulse up, forming a larger correction.
When we dropped down to lower time frame, we see a potential rejection off the bottom of the structure,
and forming a continuation correction.
I will wait for confirmation of a completion of the structure, and look for buy setups.
Traders, if you like my analysis, please like, follow, and comment. I welcome all kinds of feedback, suggestions and opinions, thank you.
Note
Look for this structure to break up.Note
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.