Ending diagonal for Wave 5 for the whole length of 2022 and the first half of 2023...the price showed a fake breakout of the yellow channel, it did not hold and has come crashing down.
Textbook move.
Initially held the 200 Day MA, did not make a new high and then went to retest the 200 Day MA again and lost it and it has been in freefall too....and working its way down through the Fib levels now.
I suspect $PEP will continue down to the 0.5 Fib at least at $149.