Cisco is still hesitant and has not yet made it above the resistance at $53.60. However, we expect the share to master this hurdle soon to enter the green zone between $54.48 and $61.38. There it should complete wave 2 in green before turning downwards again. A 37% chance remains, though, that wave alt.2 in green is finished already. In that case, Cisco would skip the green zone and directly drop below the support at $43.39 instead.
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📊 Free daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.