Maybe a Rectangle Top unless price busts through top trendline.
This is a neutral pattern until a trendline is broken with a strong trend in that direction.
3 candles of indecision in a row.
Sometimes the 20/blue crossing down through the 50/orange can be one of the first warning signs of a change in trend. PEP's moving averages look better than most as of...
Price is coming back to test the lower boundary of the up trending channel ! I will wait for a few trading days to watch the price action ! Should the support hold over the next week, I would probably consider a buy! If it fails I will stand aside and look for other opportunities ! Just my opinion :)
Be sure to stick to Stop Lost and TAkE Profit. This is an idea and not a bargain offer
This is just idea, not trading advice, use at own risk.
reasons:
It is recommended to buy in this price limit
It is mandatory to pay attention to the stop loss and the target marked on the chart
Do not be greedy and adhere to the specified principles. I hope you will be...
The PEAD projected a Bullish outlook for $PEP after a Positive Under over reaction following its earnings release placing the stock in drift A with an expected accuracy of 90.91%.
Here we are with another interesting short setup. Pepsico is approaching my short level and should get there in the next day or two. Risk/reward is too good for me not to take this trade.
It has crossed the shaded area as shown on the chart. The targets are from it, we enter a correction to its maximum limits. It is clear on the chart, including a bullish wave. The analysis cancels when the third area is broken by closing a 3-hour candle below it or closing above the third target, an hourly candle.
The PEAD projected a Bullish outlook for $PEP after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 100%.
Asset and Time frame -Daily,PEP
Entry Price -166.32
Exit(Stop Loss) 163.99
Exit(Take Profit) -175.08
Technical Analysis - Price action reached the bottom of an up-trend channel and the daily 0.00 Fibonacci level after retracing from the -61.8 level, in addition, we have the 100DMA as further support.
Good Luck
seems to be createing a broadening pattern which is outlined by the trendlines and and 5 orange waves. lots of bearish divergence going on as well on the 1hr and 4hr outlined by trendlines on indicators and circles on candles.
my first target would be the 38 and depending on the timing move down the trendline to see where it intersects with with a fib. if it comes...
if the crossover TSI shadow happens under the EMA ribbon (100 EMA and 200 EMA), I either just leave it alone and move on to the next stock OR I wait if price close above the ribbon AND the daily pivot is missed (and not too far away from the ribbon).
Look at the charts, its self explanatory
NASDAQ
