Coca-Cola - 31 August 2023

Analysis & Learning Sep 1, 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.

Christopher Grafton CMT

Chris has been involved in the markets for 20 years. He is the author of Mastering Hurst Cycle Analysis and is an experienced working technician. Chris holds the CMT qualification.