NoCeilingsTrading

Coca-Cola (KO)

Long
NYSE:KO   COCA-COLA CO
Expecting KO to make a bullish impulse.

Price made a strong bearish move to the downside, found support and created a double bottom , which shows that price may be ready to change directions.
On the 4h time frame you can see a large bullish candle created after the previous indecision candle.

Price broke past the previous low ultimately creating a new one . Now, I'm expecting price to retrace/test the previous low or the 50.0-61.9 area of the fibonnaci. Price may form a bearish candlestick structure and create a continuation to the downside.

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