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Pepsico Inc.,(PEP:NASDAQ) Elliott Wave Technical Analysis September 26 2022


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Pepsico Inc., Elliott Wave Technical Analysis

Pepsico Inc.,(PEP:NASDAQ): Daily Chart,September 26 2022, 

PEPStock Market Analysis:It has moved as predicted from the last forecast. However as I cannot see five waves from the last move to the upside, I have reasons to believe we will get another corrective leg.

PEP Elliott Wave count:  {b} of 2.

PEPTrading Strategy:Looking for short off the end of wave (c) of {b}.

PEPTechnical Indicators:200EMA acting as support.

TradingLounge Analyst: Alessio Barretta

 

PEP_9_26.png.dd450dfbb95bdf824e073445c97cc753.png

 

 

 

Pepsico Inc.,PEP: 4-hour Chart,September 26 2022

Pepsico Inc.,Elliott Wave Technical Analysis

PEP Stock Market Analysis: Looking for wave (c) to reach the point of control up where wave (b) of {a} is.

PEPElliott Wave count: (b) of {b}

PEP Technical Indicators:The EMAs are crossing, which is often times a sign of reversal.

PEPTrading Strategy: Looking for a short term long to trade wave (c) of {b}.

PEP_4H.png.b949f863bfe4535a7c138dd96ca39f30.png

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