Baidu: ⬇️ Sell
– Baidu broke support level 110.00
– Likely to fall to support level 100.00
Baidu recently broke the support zone between the support level 110.00 (former strong support from November) and the 61.8% Fibonacci correction of the upward impulse from April.
The breakout of this support zone accelerated the active intermediate impulse wave (3) of the higher impulse wave 3 from the start of March.
Baidu can be expected to fall to the next support level 100.00 (target price for the completion of the active impulse wave (3)).