RACE Wave Analysis – 8 July 2026

RACE: ⬇️ Sell

– RACE reversed from strong resistance level 395.00

– Likely to test support level 380

RACE recently reversed from the resistance zone between the strong resistance level 395.00 (which has been reversing the price from December), upper daily Bollinger Band and the 50% Fibonacci correction of the downward impulse from last October.

The downward reversal from this resistance area stopped the earlier short-term impulse wave 3 which belongs to the weekly impulse wave (C) from May.

Given the strength of the resistance level 395.00 and the overbought daily Stochastic, RACE can be expected to fall further to the next support level 380 (former top of waves A and 1).