PEPSI-CO video top-down Analysis

Hello everyone, if you like the idea, do not forget to support with a like and follow.

on DAILY: PEPSI is sitting around strong supply in blue and all-time-high so we will be looking for sell setups on lower timeframes.

on H1: PEPSI formed an objective trendline in red so we are waiting for a new swing to form around it to consider it our new trigger swing.

Trigger: Waiting for a momentum candle close below the gray area to sell.

and until the sell is activated, this one would be overall bullish and can still dive inside the blue zone.

As price approaches our lower green support, we will be looking for buy setups.

Good luck!