Pepsico Inc.(PEP:NASDAQ) Elliott Wave Technical Analysis September 14 2022

[tradinglounge]

Pepsico Inc., Elliott Wave Technical Analysis

Pepsico Inc.,(PEP:NASDAQ): Daily Chart, September 14 2022, 

PEPStock Market Analysis:Moving as expected from the previous forecast. Looking at this point for a potential pivotal point to be found within a few days.

PEP Elliott Wave count:  {c} of 2.

PEPTrading Strategy:Waiting for a bottom in place for wave 2 and upside resumption.

PEPTechnical Indicators:We past the point of control, however we have strong volume slightly below of where we stand now.

TradingLounge Analyst: Alessio Barretta

 

 

Pepsico Inc.,TTD: 4-hour Chart, September 14 2022

Pepsico Inc.,Elliott Wave Technical AnalysisPEP Stock Market Analysis: Perhaps we are just in wave (iii) of {c} therefore I would be expecting further downside.

PEPElliott Wave count: (iii) of {c}.

PEP Technical Indicators:There is no reason to support any bullish scenario at the moment as we stand below all averages.

PEPTrading Strategy: Looking for downside continuation on the shorter time frames.

[MongiIG]

On 14/09/2022 at 11:18, tradinglounge said:

Pepsico Inc., Elliott Wave Technical Analysis

 

 

Thanks for sharing @tradinglounge