Categories: Technical analysis

Citigroup Wave Analysis 16 April 2024

– Citigroup falling inside minor impulse wave 1

– Likely to fall to support level 54.80

Citigroup falling inside the sharp minor impulse wave 1 of the intermediate impulse wave (3) from the end of March.

The price earlier broke the round support level 60.00 coinciding with the support trendline of the extended up channel from and the 38.2% Fibonacci correction of the upward impulse from February.

Given the strength of the active impulse wave 1, Citigroup can be expected to fall further to the next support level 54.80 (former support from February).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

Share
Published by
The FxPro Tech Analysis Team
Tags: Citigroup

Recent Posts

The crypto market teeters on the brink of correction

The crypto market has experienced a slight decline, falling to $3.29 trillion in the last…

4 hours ago

GBPUSD Wave Analysis 27 December 2024

- GBPUSD reversed from support level 1.2495 - Likely to rise to resistance level 1.2625…

3 days ago

EURUSD Wave Analysis 27 December 2024

- EURUSD reversed from powerful support level 1.0350 - Likely to rise to resistance level…

3 days ago

WTI Wave Analysis 26 December 2024

- WTI broke daily Triangle - Likely to rise to resistance level 70.90 WTI crude…

4 days ago

AUDUSD Wave Analysis 26 December 2024

- AUDUSD reversed from resistance level 0.6270 - Likely to fall to support level 0.6200…

4 days ago

Nasdaq 100 Wave Analysis 23 December 2024

- Nasdaq 100 reversed from strong support level 21000.00 - Likely to rise to resistance…

7 days ago

This website uses cookies