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KO Elliott Wave Analysis Trading Lounge Daily Chart, 14 March 2024

The Coca-Cola Company,  (KO) Daily Chart

KO Elliott Wave Technical Analysis

FUNCTION: Trend

MODE: Impulsive

STRUCTURE: Motive

POSITION: Wave (1) of Primary 3.  

DIRECTION: Upside into wave 3 of (1).

DETAILS: We are looking for further upside into wave 3 as we have yet to take the highs of wave (X) out, to give us additional confirmation.

KO Elliott Wave Analysis Trading Lounge 4Hr Chart, 14 March 2024

The Coca-Cola Company, (KO) 4Hr Chart

KO Elliott Wave Technical Analysis

FUNCTION: Trend

MODE: Impulsive

STRUCTURE: Motive

POSITION: Wave {i} of 3.  

DIRECTION: Upside into wave 3.  

DETAILS: Looking for a break of wave {b} to  have additional confirmation wave 2 if complete. We are seeing increasing volume on this move up from wave {c} bottom which confirms the bulls case.

Welcome to our KO Elliott Wave Analysis Trading Lounge, your premier destination for comprehensive insights into The Coca-Cola Company (KO) using Elliott Wave Technical Analysis. Let's explore the market dynamics as of the Daily Chart on 14th March 24.

* KO Elliott Wave Technical Analysis – Daily Chart*

In our analysis, we identify a trending function characterized by impulsive mode and motive structure. Positioned in Wave (1) of Primary 3, our focus is on the upside movement into wave 3 of (1). We anticipate further upward momentum, aiming to surpass the highs of wave (X) to provide additional confirmation of the bullish trend.

* KO Elliott Wave Technical Analysis – 4Hr Chart*

Here, we also observe a trending function marked by impulsive mode and motive structure. Positioned in Wave {i} of 3, our attention is on the upside movement into wave 3. We anticipate a break of wave {b} to confirm the completion of wave 2. Notably, the increasing volume accompanying the upward movement from wave {c} bottom strengthens the bullish case.

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