• Cisco falling inside impulse wave (3)
• Likely to fall to 43.60
Cisco has been falling in the last few trading sessions after the price reversed down from the lower trendline of the recently broken daily up channel from March (acting as resistance after it was broken) – standing near the 61.8% Fibonacci correction of the previous impulse wave (1).
The downward reversal from the lower trendline of this up channel started the active medium-term impulse wave (3).
Cisco is likely to fall further toward the next support level 43.60 (low of the previous impulse wave (1)).
- WTI crude oil reversed from support area - Likely to rise to resistance level…
- AUDJPY reversed from support area - Likely to rise to resistance level 103.00 AUDJPY…
German industrial production continues to decline. The rate of contraction in March was slightly better…
US indices have been gaining daily since the beginning of May. They have found strength…
Market picture The crypto market has lost 2% of its capitalisation over the last 24…
- S&P 500 reversed from support level 5000.00 - Likely to rise to resistance level…
This website uses cookies