Elliott Wave Technical Analysis: Pepsi Co. Inc Monday, November 6


Pepsico Inc., Elliott Wave Technical AnalysisPepsico Inc.,(PEP): 4h Chart, 6 November 23PEP Stock Market Analysis: We have been looking for downside into wave {v} as we seem to have an incomplete bearish move. We have gone past 38.2% retracement of wave {iii}. Invalidation stands at 175$.PEP Elliott Wave Count: Wave {iv} of 3.  PEP Technical Indicators: In between averages.PEP Trading Strategy: Looking for downside into wave {v} with a stop at 175$. Pepsico Inc., PEP: 1-hour Chart, 6 November 23Pepsico Inc., Elliott Wave Technical Analysiss
PEP Stock Market Analysis: We have reached equality of wave (c) vs. (a) which usually act as resistance, therefore we can start looking for downside from where we stand.  PEP Elliott Wave count:  Wave (c) of {iv}.PEP Technical Indicators: Above all averages.PEP Trading Strategy: Looking for shorts into wave {v}. More By This Author:British Pound/Japanese Yen, Day Chart, Elliott Wave Technical Analysis, Monday, Nov. 6
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