CSCO: Bullish Harmonic Pattern In a Bullish Trend
Cisco (CSCO) has formed a Bullish Harmonic Pattern In a Bullish Trend, suggesting a potential bullish setup if the support near 66.10 holds.
If buyers step in, the price could start a recovery with upside targets at:
$68.00
$69.00
$70.00 – major target and strong resistance zone
As long as CSCO stays above the recent low around 66.10, the bullish scenario remains valid. A break below this level would invalidate the pattern and could lead to further downside.
The Fed is expected to cut interest rates by 25 basis points today, and the interest rate forecast could provide a better idea of the details ahead. This could further boost the price.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Cisco (CSCO) has formed a Bullish Harmonic Pattern In a Bullish Trend, suggesting a potential bullish setup if the support near 66.10 holds.
If buyers step in, the price could start a recovery with upside targets at:
$68.00
$69.00
$70.00 – major target and strong resistance zone
As long as CSCO stays above the recent low around 66.10, the bullish scenario remains valid. A break below this level would invalidate the pattern and could lead to further downside.
The Fed is expected to cut interest rates by 25 basis points today, and the interest rate forecast could provide a better idea of the details ahead. This could further boost the price.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
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✅MY FREE Signals Channel
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.