Use advanced tools to confirm the Rectangle on KO before you trade.
Sideways movement between parallel supports.
Bearish continuation pattern.
Consolidation. Can break either way.
KO is showing interesting structural developments at $75.9. The stock is trading at $75.9, down 0.67% on the day. Price action has carved out a classic Descending Triangle. This setup is supported by average volume turnover. A potential breakout level is identified at $74.07, targeting $68.61 with support near $78.29 (R:R 1.29).
What is your outlook on KO?