Tuesday, 02 January 2024 12:17 GMT

Coca-Cola Wave Analysis 19 June 2025


(MENAFN- FxPro)

Coca-Cola: ⬇️ Sell

– Coca-Cola broke the support zone

– Likely to fall to support level at 68.55

Coca-Cola recently broke the support zone located between the support level 70.35 (which reversed the price twice from May) and the 61.8% Fibonacci correction of the upward impulse 1 from May.

The breakout of this support zone coincided with the breakout of the daily Triangle from April – which accelerated the active correction 2.

-p src=/wp-content/themes/fxpro_news_2025/assets/images/etf/820x312_ETF_2_uk_75_eng.png>

Coca-Cola can be expected to fall to the next support level at 68.55 (former monthly low from May and the target for the completion of the active correction 2).

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