muhiuddin
Short

Elliott Wave Analysis & Forecast, #KO, M1, 20160119

NYSE:KO   COCA-COLA COMPANY (THE)
Today we pick up coke share and gone deeply into price history. If we look at chart we have to know that is SUPER CYCLE complete in its five red waves? The span of the cycle consisted about 100 years but usually the age of super cycle consist of 50-70 years but it is not hard and fast rule. If its correct then we are now in super correction since 1998. Red wave A completed in the form of triangle and wave B finished just above the previous high in nov , 2014. Now we are in final wave red C which will consist of five blue sub waves. As wave 1 is little bit short, we are expecting that blue wave 3 will extends and ideal target for this wave is near 9$-10$ or even low in coming years.
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