Categories: Technical analysis

AT&T Wave Analysis – 22 June, 2022

• AT&T rising inisde corrective wave (2)
• Likely to rise to resistance level 20.77

AT&T earlier reversed up from the key support level 18.80 – standing close to the lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse (C) from February.

The upward reversal from the support level 18.80 started the active medium-term corrective wave (2).

AT&T can be expected to rise further toward the next resistance level 20.77 (former wave 3 low from the start of June and the target for the active corrective wave (2).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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Tags: AT&T

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