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Pepsico Inc.(PEP:NASDAQ) Elliott Wave Technical Analysis 9 October 23

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Pepsico Inc., Elliott Wave Technical Analysis
Pepsico Inc.,(PEP:NASDAQ): Daily Chart, 9 October 23
PEP Stock Market Analysis: We have been looking for downside for quite some time and we finally had acceleration lower into wave {iii} of 3. Given the steep rate of descent we bring additional confidence to the count.
PEP Elliott Wave Count: Wave {iii} of 3.
PEP Technical Indicators: Below all averages.  
PEP Trading Strategy: Looking for shorts into wave {v}.
TradingLounge Analyst: Alessio Barretta
 
PEP_10_9.thumb.png.046b4c3a18cc3de0dfdebc0aaa81dc32.png
 
 
 
Pepsico Inc., PEP: 4-hour Chart, 9 October 23
Pepsico Inc.,  Elliott Wave Technical Analysis
PEP Stock Market Analysis: Looking for wave 3 target at 2.618 1 vs. 3 at 150$. Looking for a pullback into wave {iv} to find resistance off the base channel, to then continue lower.  
PEP Elliott Wave count:  Wave {iii} of 3.  
PEP Technical Indicators: 20EMA as resistance.
PEP Trading Strategy: Looking for shorts into wave {v}.
PEP_4H.thumb.png.c729699c52e3518e22681b4dbd33bcbd.png
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