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Pepsico Inc.(PEP:NASDAQ) Elliott Wave Technical Analysis 27 November 23

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Pepsico Inc., Elliott Wave Technical Analysis

Pepsico Inc., (PEP:NASDAQ): 4h Chart 27 November 23

PEP Stock Market Analysis: Looking for a potential wave {iv} that keep moving in the opposite direction, which is why we are considering either a diagonal into wave (c) or else we could most likely be in a complex correction and we are moving towards invalidation level.  

PEP Elliott Wave Count: Wave (c) of {iv}.

PEP Technical Indicators: Below 20EMA.

PEP Trading Strategy: Looking for shorts after bearish confirmation.  

TradingLounge Analyst: Alessio Barretta

 

 

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Pepsico Inc., PEP: 1-hour Chart 27 November 23

Pepsico Inc., Elliott Wave Technical Analysis PEP Stock Market Analysis: Looking for a potential diagonal into wave (c) as we are also starting to form RSI divergence.  

PEP Elliott Wave count:  Wave v of (c)

PEP Technical Indicators: Above all averages.

PEP Trading Strategy: Looking for shorts after bearish confirmation.

 

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