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Verizon: ⬇️ Sell
– Verizon falling inside sharp impulse wave 5
– Likely to reach support level 37.60
Verizon continues to fall inside the sharp downward impulse wave 5, which started earlier from the key resistance level 40.65 (former multi-month low from July) intersecting with the 38.2% Fibonacci correction of the downward impulse from the start of October.
The active impulse wave 5 belongs to the sharp downward impulse wave (C) from the end of August.
Verizon can be expected to fall to the next strong long-term support level 37.60 (former multi-month low from January and the target for the completion of the active impulse wave C).
Source: https://fxpro.news
