• Chevron reversed from resistance level 174.30
• Likely to fall to support level 165.00
Chevron today reversed down sharply from the resistance area set between the major resistance level 174.30 (the previous monthly high from March and April) and the upper daily Bollinger Band.
The downward reversal from this resistance area created the daily Evening Star, which stopped the previous minor impulse wave 3 of the intermediate impulse wave (5) from last month.
Given the proximity of the resistance level 174.30, Chevron can be expected to fall further toward the next support level 165.00.
- GBPUSD broke support zone - Likely to fall to support level 1.2465 GBPUSD currency…
- USDCHF broke resistance zone - Likely to rise to resistance level 0.9000 USDCHF currency…
The decline in EURUSD was driven by weak PMI figures, with France and Germany both…
Gold has reached record high in euro above 2600, and growing fast in dollar terms…
The crypto market is booming as the anticipation of regulatory changes grows. Bitcoin nears $100K,…
- GBPCAD broke support zone - Likely to fall to support level 1.7500 GBPCAD currency…
This website uses cookies