Coca-Cola is making quite a different development at the moment as it came back into the 65–74 range. Notice that the first decline from the April highs into September 2025 unfolded in three waves, so it is still a counter-trend movement, but it looks like part of a more complex correction. We are now observing a triangle, which is still a bullish pattern that should at some point take us back to new highs, but we will have to wait until all required A-B-C-D-E legs are completed. However, the downside could still be limited, at around 67.69, which is the first support for the potential triangle, right at the lower side of this higher-degree wedge formation from where we have seen a nice rebound. The invalidation level remains at 60.61 for this whole bull cycle, which still could be targeting the 76–79 area sometime in 2026.
Highlights:
・Trend: Sideways, but bulls expected after completed triangle
・Support: 67, 66
・Resistance: 74
・Note: Opportunities can still show up while trading above 60 invalidation level
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Grega
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