China Mobile recently broke below the round support level 40.00 (which stopped the earlier sharp downward impulse wave (1) in August).
The breakout of the support level 40.00 follows the earlier breakout of the daily up channel from August (which enclosed the previous ABC correction (2)).
China Mobile is expected to fall further toward the next support level 38.00 (target for the completion of the active impulse wave 3).
- Adobe reversed from support zone - Likely to rise to resistance level 500.00 Adobe…
- EURJPY reversed from support zone - Likely to rise to resistance level 0.8625 EURGBP…
USDJPY was slipping below 153 on Friday morning, a three-week low and having lost over…
Market picture Crypto market capitalisation rose 3.3% in 24 hours to $2.22 trillion. Local capitalisation…
- EURJPY under strong bearish pressure - Likely to fall to support level 163.10 EURJPY…
- WTI broke round support level 80.00 - Likely to fall to support level 76.00…
This website uses cookies
