Trip Wave Analysis – 11 May 2026

Trip: ⬇️ Sell

– Trip falling inside active impulse wave v

– Likely to fall to support level 9.00

Trip recently reversed down from the key resistance level 11.55 intersecting with the 50% Fibonacci correction of the downward impulse from January.

The downward reversal from the resistance level 11.55 started the active impulse wave v – which belongs to wave from December.

Given the strong daily downtrend, Trip can be expected to fall to the next support level 9.00 (former monthly low from March).