Chevron Wave Analysis – 15 January 2026

Chevron: ⬆️ Buy

– Chevron broke strong resistance level 165.00

– Likely to rise to resistance level 168.90

Chevron recently broke above the strong resistance level 165.00 (which stopped the previous impulse wave (1) at the start of January).

The breakout of the resistance level 165.00 accelerated the active impulse wave (3) from the start of January.

Given the clear daily uptrend, Chevron can be expected to rise to the next resistance level 168.90 (former multi-month high from March).