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– Comcast reversed from the resistance level 36.40
– Likely to fall support level 34.00
Comcast recently reversed down from the resistance area between the resistance level 36.40 (former strong support from January) and the 38.2% Fibonacci correction of the downward impulse 1 from November.
The downward reversal from the resistance level 36.40 started wave b of the active minor ABC correction 2 from the end of January.
Given the clear daily downtrend, Comcast is likely to fall further toward the next support level 34.00, the target price for the completion of the active wave b.
Source: https://fxpro.news
