Technical analysis

ESP35 Wave Analysis 3 May, 2021

• ESP35 rising inside impulse waves 3 and (3)

• Likely to rise to resistance level 9000.00

ESP35 index continues to rise steadily after the earlier breakout of the key resistance level 8710.00 (former monthly high from March).

The breakout of the resistance level 8710.00 accelerated the active upward impulse 3 which begins to the intermediate upward impulse sequence (3) from January.

Given the clear daily uptrend – ESP35 index is likely to rise further toward the next round resistance level 9000.00 (former minor resistance March of 2020).

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