Chevron: ⬆️ Buy
– Chevron broke resistance level 180.00
– Likely to rise to resistance level 190.00
Chevron has been rising sharply in the active impulse wave 5, which previously broke the resistance level 180.00 (top of wave 3 from the start of February).
The breakout of the resistance level 180.00 follows the earlier breakout of the resistance zone between the resistance level 168.90 and the weekly up channel from last year.
Given the strong daily uptrend, Chevron can be expected to rise to the next resistance level 190.00 (target for the completion of the active impulse wave 5).