Market Snapshots

Citigroup Wave Analysis – 11 November, 2019

Citigroup Wave Analysis – 11 November, 2019
  • Citigroup broke two powerful resistance levels
  • Likely to rise to 78.00

Citigroup recently broke above the two powerful resistance levels – 72.70 (monthly high from June) – followed by 75.15 (monthly high from September of 2018).

These resistance breakouts accelerated the active impulse wave 5 of the medium-term impulse sequence (3) from the middle of September.

Citigroup is expected to rise further and retest the next resistance level 78.00 (former resistance from April of 2018).

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