• Costco reversed from support zone
• Likely to rise to 345.00
Costco recently reversed up from the support zone lying at the intersection of the support level 331.40 (former top of the previous impulse wave 1 from July) and the 50% Fibonacci retracement of the previous upward impulse (i).
The upward reversal from this support zone started the active short-term impulse wave (iii) – which belongs to the higher-level impulse wave (3) from June. Costco is likely to rise further toward the next resistance level 345.00 (top of the previous impulse wave (i)).
The dollar has paused its strengthening, as weaker-than-expected inflation data reduces fear of future Fed…
Bitcoin finds support near the 50-day moving average, but further declines in the stock market…
- 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…
This website uses cookies