Citibank Wave Analysis – 27 September, 2022

• Citibank under bearish pressure

• Likely to fall to support level 40.00

Citibank under the bearish pressure after the price broke the key support level 43.50 (former multi-month low from the middle of July).

The breakout of the support level 43.50 continues the clear multi-month downtrend that can be seen on the daily and the weekly Citibank charts.

Citibank can be expected to fall further toward the next round support level 40.00 (forecast price for the completion of the active short-term impulse wave (iii)).