• IBM broke support level 124.00
• Likely to fall to support level 117.50
IBM opened today with the downward gap, breaking below the support level 124.00 (low of the previous impulse wave (iii)).
This breakout of the support level 124.00 accelerated the active short-term impulse wave C – which belongs to intermediate ABC correction (2) from March.
IBM can be expected to fall further toward the next support level 117.50 (previous monthly low from January and the target for the completion of the active impulse wave C).
- Nasdaq 100 reversed from strong support level 21000.00 - Likely to rise to resistance…
- USDJPY reversed from key support level 156.35 - Likely to rise to resistance level…
The recent declines in US indices may have broken the bullish trend, indicated by technical…
The dollar has paused its strengthening, as weaker-than-expected inflation data reduces fear of future Fed…
Bitcoin finds support near the 50-day moving average, but further declines in the stock market…
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
This website uses cookies