Procter & Gamble (PG) – Technical Roadmap

🚀 Procter & Gamble (PG) – Technical Roadmap

PG has completed a corrective wedge (ABCDE) on the daily chart and is now setting up for a strong breakout.

🔎 Key Technicals

Pattern: Falling wedge breakout + Elliott corrective wave completion

Supports: $156–159 (accumulation zone) | $150.32 (macro invalidation)

Immediate Levels:

$161.03 → short-term pivot

$165.29 → first resistance

$168.68 → breakout confirmation

$172.04 → critical Fibonacci extension

📊 Macro Roadmap

Near-term rally toward $165 → $172

If $172 breaks, upside expands into $190–192 zone

Long-term ceiling sits at $200–202 aligned with Fib 4.618 and trendline resistance

🎯 Trade Plan

Bullish bias while above $156

Targets: $165 → $172 → $190 → $200

Stop-Loss: below $150.32

📈 Probabilistic View

Bullish continuation: ~70%

Bearish retest of $150: ~30%

💡 Consumer staples resilience + technical exhaustion of correction points toward higher highs. Watching for confirmation at $165–172 before scaling in for the macro move.