KO Bullish While BC Holds

KO on the daily still reads like a bullish C leg in progress rather than a completed move. Price has already expanded through the prior A high, and this recent pullback looks more like a corrective pause than a clean bearish reversal so far.

From an SK view, the bigger upside objective still sits above in the C reaction area, roughly the high-80s into low-90s. The more important near-term location is the projected BC zone in the low-70s. If price rotates into that area and responds well, the continuation case stays clean.

Liquidity also lines up reasonably well here. The recent rally already pushed through obvious prior highs, so external liquidity above has been taken. If this pullback now rebalances into internal liquidity without breaking structure, the next logical draw remains the higher C target.

The bullish case weakens if KO starts accepting below the BC zone instead of rejecting from it. For now, the draw still points higher, but the cleaner long location may come on a deeper reset rather than from chasing current price.

Disclaimer:
This is not financial advice.