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 The Coca-Cola Company, (KO) Daily ChartKO Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: Motive  POSITION: Wave 2 of (1)DIRECTION: Upside in wave 3.  DETAILS: We have been monitoring KO for a while now, but the count seems to be evolving continuously. At this point we are still looking for further upside into wave 3, not before we’ll complete the correction in wave 2.KO Elliott Wave Analysis Trading Lounge 4Hr Chart,The Coca-Cola Company, (KO) 4Hr ChartKO Elliott Wave Technical AnalysisFUNCTION: Counter TrendMODE: CorrectiveSTRUCTURE: FlatPOSITION: Minute wave {b}DIRECTION: Looking for upside in wave {b}.  DETAILS: At this point we are considering a triangle in wave {b} to then continue lower into wave {c} towards 58$ where wave {ii} of the diagonal stands, which is a very common target for a wave 2 after a diagonal in wave 1.Welcome to our KO Elliott Wave Analysis Trading Lounge, where we provide comprehensive insights into The Coca-Cola Company (KO) using Elliott Wave Technical Analysis. Let’s delve into the market dynamics as of the Daily Chart on 22nd March 2024.* KO Elliott Wave Technical Analysis – Daily Chart*Our analysis indicates a trending function characterized by impulsive mode and motive structure, positioned in Wave 2 of (1). The direction points to upside momentum in wave 3. Despite continuous evolution in the count, we remain focused on anticipating further upside into wave 3, awaiting the completion of the correction in wave 2.* KO Elliott Wave Technical Analysis – 4Hr Chart*Here, we identify a counter trend function marked by corrective mode and flat structure, positioned in Minute wave {b}. The direction suggests potential upside movement in wave {b}. We are currently considering the formation of a triangle in wave {b}, anticipating a subsequent move lower into wave {c} towards $58, coinciding with the location of wave {ii} of the diagonal. This target aligns with common patterns observed after a diagonal in wave 1.Technical Analyst : Alessio BarrettaMore By This Author:Commodities Analysis & Elliott Wave Technical Forecast: WTI Crude Oil
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