Coca-Cola - 31 August 2023
You will come across specific terms in these notes (FLD, VTL, and so on). Rather than explain them each time, you will find definitions here: guidance notes for Hurst cycles terminology
Coca-Cola - 20 week cycle trough approaching.
20 week cycle trough approaching.
Coca-Cola has been falling hard throughout August and just went through a mini downside flag pattern suggesting another jolt lower as price falls out of the bottom. However, the 40 day FLD down cross on 9 August projects the next 40 day cycle trough around 59 (more or less a triple bottom from end May). And if this is a 40 day cycle trough the phasing diamonds at the bottom of the chart point to it also being an 80 day and a 20 week cycle trough. In which case price is close to a meaningful bounce zone. Stay alert into early September.
