IBM: ⬇️ Sell
– IBM reversed from resistance level 253.60
– Likely to fall to support level 230.00
IBM recently reversed from the resistance level 253.60 (former support from the start of July) and the 50% Fibonacci correction of the upward impulse from April.
The downward reversal from the resistance level 253.60 continued the active impulse wave C of the ABC correction (2) from June.
IBM can be expected to fall further to the next support level 230.00 (target price for the completion of the active impulse wave C).
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