First and foremost, the price has moved beyond its territory; KO has a very established since 2012. On June 7th, KO closed the day while being above its channel and it did remain there for a couple of days. Shortly after, we moved into the channel on 13th after two candles appeared on the chart. The candles are and I am quite convinced that moving out of the channels is rejected for now. Secondly, the buyers of the Ascending Scollaps and the Ascending are about to take profit and sell their long positions. For both the Ascending Scollaps (10% depth) and the Ascending (4% depth), the profit target is reached based on the Bulkowski's Measure Rule; Take profit areas are shown on the chart. This is all happening as both and AO are indicating that the momentum is increasing.
As of now, I am already short (opened the position on the second ) and I will scale in if daily signals sell.