AT&T recently reversed down from the combined resistance zone located between the key resistance level 31.00 (former strong support from March) and the 38,2% Fibonacci correction of the previous sharp downward impulse C from last month.
The downward reversal from this resistance zone stopped the earlier impulse wave C from the start of April – which belongs to wave (B) from March.
Given the strength of the aforementioned resistance zone – AT&T is likely to fall further toward the next support level 28.00.
- Nasdaq 100 reversed from strong support level 21000.00 - Likely to rise to resistance…
- USDJPY reversed from key support level 156.35 - Likely to rise to resistance level…
The recent declines in US indices may have broken the bullish trend, indicated by technical…
The dollar has paused its strengthening, as weaker-than-expected inflation data reduces fear of future Fed…
Bitcoin finds support near the 50-day moving average, but further declines in the stock market…
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
This website uses cookies
