Categories: Technical analysis

IBM Wave Analysis – 19 September 2025

IBM: ⬆️ Buy

– IBM broke resistance level 264.80

– Likely to rise to resistance level 276.30

IBM recently broke the resistance zone between the resistance level 264.80 (which stopped the previous wave (ii) in July) and the 50% Fibonacci correction of the ABC correction (4) from June.

The breakout of this resistance zone continues the active short-term impulse wave 3 from the start of September.

Given the clear daily uptrend, IBM can be expected to rise to the next resistance level 276.30 (former support from June).

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.

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Tags: IBM

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