Comcast Wave Analysis – 16 October, 2019

Comcast rising inside shot-term impulse wave 3
Likely to rise to 47.00

Comcast continues to rise inside the shot-term impulse wave 3 which started earlier from the support level 43.45, intersecting with the support trendline from December.

The active impulse wave 3 belongs to the intermediate impulse wave (3) from the start of May.

Comcast is expected to rise further and retest the next resistance level 47.00 (which reversed eerier wave s 1 and (b) in September).

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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