– Aig reversed from support level 76.60
– Likely to rise to resistance level 79.65
Aig recently reversed up from the pivotal support level 76.60 (former strong resistance level which stopped the previous impulse wave (1)) at the end of August.
The price earlier broke the daily Triangle from July – which accelerated the active impulse wave 3 of the higher impulse wave (3) from September.
Given the clear daily uptrend, Aig can be expected to rise further to the next resistance level 79.65 (former double top from July and the target for the completion of the active impulse wave 3).
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