Exxon: ⬇️ Sell
– Exxon reversed from resistance zone
– Likely to fall to support level 165.0
Exxon recently reversed up from the resistance zone between resistance level 175.00, upper daily Bollinger Band and the resistance trendline of the daily up channel from January.
The downward reversal from the support level 1360.00 created the daily Japanese candlesticks reversal pattern Shooting Star – which started the active correction 4.
Exxon can be expected to fall further to the next support level 165.0 , low of the previous correction ii and the target for the completion of wave 4.