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Pepsico Buy Idea
D1 - Special Cycle completed, we have double waves down and price reached an extreme zone. We can look for buys with the breakout of the most recent trend line.
H4 - We have multiple cycles, all cycles are reaching towards the same magnet zone. Now we need to look for confirmations of bullish reversal in the form of false breaks, breaks above highs, trend line breakouts.
H1 - We have bullish divergence.
Conservative approach would be wait for the breakout of the last high and then look for buys.
H4 - We have multiple cycles, all cycles are reaching towards the same magnet zone. Now we need to look for confirmations of bullish reversal in the form of false breaks, breaks above highs, trend line breakouts.
H1 - We have bullish divergence.
Conservative approach would be wait for the breakout of the last high and then look for buys.
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