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PepsiCo Inc., Elliott Wave Technical Analysis

PepsiCo Inc.,(Nasdaq: PEP): Daily Chart, 9 October 2023

PEP Stock Market Analysis: We have been looking for downside for quite some time and we finally had acceleration lower into wave {iii} of 3. Given the steep rate of descent we bring additional confidence to the count.

PEP Elliott Wave Count: Wave {iii} of 3.

PEP Technical Indicators: Below all averages.  

PEP Trading Strategy: Looking for shorts into wave {v}.

Analyst: Alessio Barretta

PepsiCo Inc., PEP: 4-hour Chart, 9 October 2023

PepsiCo Inc.,  Elliott Wave Technical Analysis
PEP Stock Market Analysis: Looking for wave 3 target at 2.618 1 vs. 3 at 150$. Looking for a pullback into wave {iv} to find resistance off the base channel, to then continue lower.  

PEP Elliott Wave count:  Wave {iii} of 3.  

PEP Technical Indicators: 20EMA as resistance.

PEP Trading Strategy: Looking for shorts into wave {v}.

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