Jump to content

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

Recommended Posts

Pepsico Inc., Elliott Wave Technical Analysis
Pepsico Inc., (PEP:NASDAQ): 4H Chart, 23 October 23
PEP Stock Market Analysis: Looking for continuation lower into wave 3 as we seem to have an incomplete five wave sequence. We seem to have found resistance on the 1.618 3 vs. 1 from which we could resume lower.  
PEP Elliott Wave Count: Wave {iv} of 3.  
PEP Technical Indicators: Below all averages, 20EMA as resistance.
PEP Trading Strategy: Looking for shorts into wave {v}.
TradingLounge Analyst: Alessio Barretta
Pepsico Inc.,  PEP: 1-hour Chart, 23 October 23
Pepsico Inc., Elliott Wave Technical Analysis
PEP Stock Market Analysis: Looking for a potential triangle into wave {iv} as we seem to be moving sideways. We currently stand within the 23.6% retracement of wave {iii} and we could range from there to the 38.2% retracement.  
PEP Elliott Wave count:  Wave {iv} of 3.  
PEP Technical Indicators: Below all averages.
PEP Trading Strategy: Looking for shorts after confirmation of triangle completion.  
Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Create New...