American Express Wave Analysis – 8 February, 2022

• American Express broke multi-month resistance level 188.75

• Likely to rise to resistance level 195.00

American Express today broke above the key multi-month resistance level 188.75 (which stopped the previous sharp upward impulse (5) in October of 2021).

The breakout of the resistance level 188.75 should accelerate the active impulse waves 3 and (3).

Given the clear daily uptrend – American Express  can be expected to rise further toward the next resistance level 195.00 (target for the completion of the active impulse wave 3).