Elliott Wave Technical Analysis: PepsiCo Inc. - Fri., Nov. 11

By Peter Mathers of Trading Lounge

Elliott Wave Analyst - tradinglounge • Nov 11, 2022 at 9:47 AM EST

Waiting for wave {ii} to place long-term longs.

Pepsi, Brand, Banner, Poster, Advertisement, Ad

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PepsiCo Inc., Elliott Wave Technical Analysis

PepsiCo Inc., (Nasdaq: PEP): Daily Chart, November 11, 2022,

PEP Stock Market Analysis: Looking for five subwaves within wave {i} of 3. It looks like we have further upside left into wave (v) as we start to move sideways for wave (iv).

PEP Elliott Wave Count: Wave (iv) of {i}.

PEP Technical Indicators: Using the 20EMA as support.

PEP Trading Strategy: Waiting for wave {ii} to place long-term longs.

Analyst: Alessio Barretta

PepsiCo Inc., PEP: 4-hour Chart, November 11, 2022

PepsiCo Inc., Elliott Wave Technical Analysis

PEP Stock Market Analysis: Looking for wave (iv) to come to an end soon, potentially we could develop into a triangle, the invalidation level is a break south of the red line at 176$.

PEP Elliott Wave count: Wave (iv) of {i}.

PEP Technical Indicators: Above all EMAs and RSI is starting to form bearish divergence.

PEP Trading Strategy: Placing longs with a stop below the red line, looking for a short and potentially quick upmove in wave (v).

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