Categories: Technical analysis

Verizon Wave Analysis – 6 May 2025

Verizon: ⬆️ Buy

– Verizon broke daily Triangle

– Likely to rise to resistance level 44.80

Verizon recently broke the resistance trendline of the daily Triangle from the start of April (which has enclosed the previous waves B, i and ii).

The breakout of this Triangle should accelerate the active impulse wave iii, which belongs to the C-wave from last month.

Verizon can be expected to rise to the next resistance level 44.80 (top of the previous impulse wave (i) from last month).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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Tags: Verizon

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