Coca-Cola: Indecisive

Coca-Cola continues to trade sideways, still failing to confirm either of our scenarios definitively. The primary scenario envisions that wave III in beige will post another high within the beige Target Zone ($76.58–$81.51), which offers a potential setup for short positions. Following that, wave IV in beige should begin a substantial correction. However, if the stock fails to overcome resistance at $74.38, it could indicate that the top of wave alt.III in beige is already in. A decline below the $66.05 support level would activate the alternative scenario (35% probability), implying a drop below $60.62.