Costco recently reversed up from the support zone lying between the pivotal support level 282.00 (former monthly high from July), lower daily Bollinger Band and the 50% Fibonacci correction of the pervious sharp upward impulse from August.
The upward reversal from this support zone created the daily Morning Star which started the active impulse wave (5).
Costco is expected to rise further and retest the next resistance level 306.00 (top of the pervious upward impulse wave (3)).
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…
- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…
- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…
This website uses cookies