Verizon Wave Analysis – 3 September, 2020

• Verizon broke key resistance level 60,90

• Likely to rise to 62,00

Verizon today opened with the upward gap – breaking through the key resistance level 60,90 (former monthly top from January).

The breakout of the resistance level 60,90 was preceded by the breakout of the round resistance level 60,00 – which accelerated the active impulse waves (iii) and 3.

Verizon is likely to rise further toward the next major resistance level 62,00 (former monthly high from December).