Market Snapshots

United Technologies Wave Analysis – 20 April, 2020

United Technologies Wave Analysis – 20 April, 2020
  • United Technologies reversed from resistance area
  • Likely to fall to 80.00

United Technologies continues to fall inside the medium-term correction (2) which started earlier from the resistance area lying between the key resistance level 100.00 and the 38.2% Fibonacci correction of the previous downward impulse from February.

The active wave (2) belongs to the recently started upward impulse sequence ③ from the middle of March.

United Technologies is expected to fall further toward the next support level 80.00 (likely price for the completion of the active correction (2)).

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