lauralea

OVERBOUGHT//ABC/D

NASDAQ:PEP   PepsiCo, Inc.
Possible M pattern forming. I left the 3rd leg dashed as I am not sure this leg is complete. It could go higher and time will tell.
When leg 3 does complete, this pattern will often reverse to the downside.
ABC/D pattern as well which is also known to reverse down when D is reached.
Most likely a Shark forming
Earnings this am.
Overbought on RSI.

No recommendation.

T1 and T2 have been met.
Price is well above the .236 of the trend up.
Penafian

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