Categories: Technical analysis

Comcast Wave Analysis 21 September, 2020

• Comcast falling inside impulse wave (3)

• Likely to reach 43.00

Comcast continues to fall inside the sharp impulse wave (3) , which started earlier from the resistance zone set between the multi-month resistance level 47.40 (January high) and resistance trendline of the daily up channel from June.

The downward reversal from this resistance zone created the beautiful daily reversal pattern Shooting Star Doji.

Comcast is expected to fall further toward the next support level 43.00 (low of the previous short-term correction (iv) from the start of 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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Tags: CMCSA

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