Procter & Gamble recently reversed up sharply from the support area lying between the key support level 123.40 (low of the previous correction from January), lower daily Bollinger Band, 38.2% Fibonacci retracement of the previous upward impulse from October and the support trendline from last year.
The upward reversal from this resistance area created the daily reversal pattern Morning Star – which started the active impulse wave 3.
Procter & Gamble is likely to rise further toward the next resistance level 128.00 (top of the previous short-term impulse wave 1).
The recent declines in US indices may have broken the bullish trend, indicated by technical…
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…
This website uses cookies
