Categories: Technical analysis

Comcast Wave Analysis – 22 May 2025

Comcast: ⬇️ Sell

– Comcast reversed from resistance area

– Likely to fall to support level 34.00

Comcast recently reversed down from the resistance area between the resistance level 35.40, upper daily Bollinger Band and the 61.8% Fibonacci correction of the downward impulse from November.

The downward reversal from the resistance zone started the active impulse wave 3, which today broke the daily up channel from April.

Given the clear daily downtrend, Comcast can be expected to fall to the next support level 34.00 (low of the previous minor correction (b)).

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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The FxPro Tech Analysis Team

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