Technical analysis

Citibank Wave Analysis – 11 November, 2021

Citibank Wave Analysis – 11 November, 2021

• Citibank reversed from support level 66.80

• Likely to rise to resistance level 70.00                                                                    

Citibank recently reversed up from the powerful support level 66.80 (which is the lower boundary of the wide sideways price range inside which Citibank has been moving from July), intersecting with the lower daily Bollinger Band and the daily down channel from October.

The upward reversal from the support level support level 66.80 stopped the previous short-term ABC correction 2.

Citibank can be expected to rise further toward the next round resistance level 70.00 (lying at the middle of this sideways price range).

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