Market Snapshots

Citibank Wave Analysis – 27 December, 2019

Citibank Wave Analysis – 27 December, 2019
  • Citibank broke resistance level 78.00
  • Likely to rise to 82.00

Citibank recently broke the key resistance level 78.00 – which accelerated the active impulse waves 3 and (3).

The breakout of the resistance level 78.00 follows the earlier breakout of the resistance level 76.00 (which was set as the likely upward target in our earlier forecast for this instrument).

Citibank is expected to rise further in the active impulse wave (3) toward the next resistance level 82.00 (target for the completion of the active impulse wave (3), intersecting with the daily up channel from August).

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