Charles Schwab Corporation Wave Analysis – 08 January, 2020

• Charles Schwab Corporation reversed from support area
• Likely to rise to 49.00

Charles Schwab Corporation recently reversed up from the support area lying between the strong support level 46.50 (former multi-month resistance level from last year) and the 38.22% Fibonacci correction of the previous sharp upward impulse 1.

The upward reversal from this support area started the active impulse wave 3.

Charles Schwab Corporation is likely to rise further toward the next resistance level 49.00 (top of the previous short-term correction (b) from December).