After that gap up, Coca-Cola filled that gap as expected and then turned higher and broke above 71.77 resistance. So the wave structure remains bullish, and we could still see a push to new highs, as wave C — possibly the final leg of an ending diagonal — may target the 76–78 area. So latest retracement toward 68 might have been just temporary setback ideally wave two and bulls are now ready for new highs. We remain bullish as long as price stays above 66.
Highlights:
Trend: Bullish (wave C continuation in w. 5)
Support: 71, 68, 66
Resistance: 74, 78
Note: Bullish above 66, watching for wave C resumption towards new highs.

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