Rolls Royce Wave Analysis – 24 March, 2022

• Rolls Royce reversed from resistance level 0.94
• Likely to fall to support level 0.850

Rolls Royce recently reversed down from the resistance level 0.94 (which has been reversing the price from the start of March).

The resistance zone near the resistance level 0.94 was strengthened by the 50% Fibonacci correction of the downward impulse 1 from February.

Rolls Royce can be expected to fall further toward the next support level 0.850.