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slindstr
Oct 3, 2015 12:18 AM

KO - Potential Bearish Bat Pattern Short

Coca-Cola Company (The)NYSE

Description

We might have a bearish bat pattern on the Daily KO chart.

- AB is just over a .5 retracement of XA
- BC is just short of the .382 retracement of AB
- Looking left we do have structure at point D.

Stops go above X, TP 1 @ the .382 retracement of AD.
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