Altria Group Wave Analysis – 17 November, 2021

• Altria Group reversed from resistance level 45.00

• Likely to fall to support level 43.80                                                                          

Altria Group recently reversed down from the pivotal resistance level 45.00 (former multi-month low from April and September, acting as the resistance after it was broken by the active impulse wave 3).

The downward reversal from the resistance level 45.00 is aligned with the multi-month downtrend that can be seen on the daily charts.

Altria Group can be expected to fall further toward the next support level 43.80 (which stopped the previous impulse wave at the end of October).