Hello cok fans, I have been charting cok for a while now in the form of elliot wave and thought i might throw a chart as it has created a bit of interest since the recent ann.
On the bigger time frame cok has completed 5 wave advance and and has nearly completed a 5 wave decline
Cok is currently in a bigger degree W5 which has subdividing in a five wave pattern.
To complete this 5 wave pattern down we would need to see a close below the low of the smaller degree wave iii.
If this pattern completes we could possibly see a commencement of a W1.
You could use a speed angle of the first W1 to project a target.(arla Robbbbbbb style)
Good luck to all holders
COK Price at posting:
36.0¢ Sentiment: None Disclosure: Not Held
