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KO – The Coca-Cola Company Elliott Wave Analysis

Daily Chart Overview

• Function: Trend
• Mode: Impulsive
• Structure: Motive
• Position: Wave 3
• Direction: Acceleration in wave 3

Details:

This is the most bullish setup for KO, forecasting a rise into Intermediate wave (3), targeting the $100 level. A breakout to all-time highs (ATH) would confirm strong upside momentum.

1-Hour Chart Overview

• Function: Trend
• Mode: Impulsive
• Structure: Motive
• Position: Wave {iii} of 3
• Direction: Upside in wave {iii}

Details:

Wave {ii} appears complete, and the stock looks ready to move into wave {iii}. However, an alternative view suggests we may have ended wave {b} of 2, implying a potential downward movement instead. A confirmation is required to validate the bullish count.

Technical Analyst: Alessio Barretta

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