Tripadvisor Wave Analysis – 3 November, 2021

• Tripadvisor reversed from support level 32.10

• Likely to rise to resistance level 38.50                                                                    

Tripadvisor recently reversed up from the pivotal support level 32.10 (which has been reversing the price from the end of January) – intersecting with the lower daily Bollinger Band.

The upward reversal from the support level 32.10 stopped the earlier active impulse waves (iii) and 3.

Given the proximity of support level 32.10, Tripadvisor can be expected to rise further toward the next resistance level 38.50 (top of wave 2 from October).