Will the Falling Wedge hold or fail? Plot your targets on the chart.
Reversal pattern. Price likely to break upwards.
Reversal pattern after a downtrend.
A clear signal has emerged for Coca-Cola Europacific Partners (CCEP) on the daily chart. Currently at $92.48, the asset is showing upward momentum (0.0%). The primary technical feature is a Double Bottom formation. This setup is supported by average volume turnover. A potential breakout level is identified at $110.9, targeting $132.08 with support near $100.31 (R:R 2.0).
What is your outlook on CCEP?