FxPro - Analytics

FxPro

738.25 6.25/10
88% of positive reviews
Real

Coca-Cola Wave Analysis – 12 November, 2019

  • Coca- Cola broke support area
  • Likely to fall to 51.00

Coca-Cola under bearish pressure after the earlier breakout of the support area lying between the support level 53.00 and the 38.2% Fibonacci correction of the previous upward impulse from May.

The breakout of this support area accelerated the active short-term impulse wave C from the start of September.

Coca-Cola is expected to fall further and retest the next key support level 51.00, which reversed the price in August and July.

1573570267


To leave a comment you must or Join us


By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree