11Nov
Pepsico Inc., Elliott Wave Technical Analysis Friday 11 November 2022
Pepsico Inc., Elliott Wave Technical Analysis Friday 11 November 2022
4 Hour
Pepsico Inc., PEP: 4-hour Chart, November 11 2022
Pepsico Inc., Elliott Wave Technical Analysis
PEP Stock Market Analysis: Looking for wave (iv) to come to an end soon, potentially we could develop into a triangle, invalidation level is a break south of red line at 176$.
PEP Elliott Wave count: Wave (iv) of {i}.
PEP Technical Indicators: Above all EMAs and RSI is starting to form bearish divergence.
PEP Trading Strategy: Placing longs with a stop below red line, looking for a short and potentially quick upmove in wave (v).
Daily
Pepsico Inc., Elliott Wave Technical Analysis
Pepsico Inc., (PEP:NASDAQ): Daily Chart, November 11 2022,
PEP Stock Market Analysis: Looking for five subwaves within wave {i} of 3. It looks like we have further upside left into wave (v) as we start to move sideways for wave (iv).
PEP Elliott Wave Count: Wave (iv) of {i}.
PEP Technical Indicators: Using the 20EMA as support.
PEP Trading Strategy: Waiting for wave {ii} to place long term longs.
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