Chevron Wave Analysis – 14 August 2026Chevron CorporationBATS:CVXFxPro Chevron: ⬆️ Buy – Chevron broke resistance level 196.75 – Likely to rise to resistance level 305.00 Chevron recently broke the resistance zone between the resistance level 196.75 (which has been reversing the price from May), and the 61.8% Fibonacci correction of the ABC correction 2 from April. The breakout of this resistance zone accelerated the active intermediate impulse wave (3). Given the clear daily uptrend, Chevron can be expected to rise to the next resistance level 205.00 – which stopped earlier wave 2.