• 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).
- USDJPY broke key resistance level 155.00 - Likely to rise to resistance level 160.00…
- Ebay reversed from support level 49.35 - Likely to rise to resistance level 52.55…
Even though the Bank of Japan left the key rate and parameters of the QE…
Market picture Market Dynamics: The cryptocurrency market stabilised, losing just 0.1% of capitalisation and dropping to…
- GBPCAD reversed from key support level 1.6910 - Likely to rise to resistance level…
- GBPAUD reversed from support level 1.9135 - Likely to rise to resistance level 1.9360…
This website uses cookies