We're identifying a potential long setup on Coca-Cola's weekly chart. The price is moving towards a key buy zone near the 0.618 - 0.786 Fibonacci retracement levels, a strong area of historical support.
This setup indicates a favorable risk-to-reward ratio for a bullish rebound.
Analysis: The confluence of Fibonacci levels within the buy zone enhances the probability of a reversal. Monitor price action closely as it approaches this zone.
This is a swing trade setup with a medium to long-term timeframe.
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