Tripadvisor Wave Analysis 4 September 2023

– Tripadvisor reversed from support level 15.00

– Likely to rise to resistance level 16.00

Tripadvisor recently reversed up from the strong support level 15.00 (which has been reversing the price from the start of May), coinciding with the lower daily Bollinger Band.

The upward reversal from the support level 15.00 started the active short-term corrective wave (ii), which belongs to the impulse wave 3 from the middle of August.

Given the strength of the support level 15.00, Tripadvisor can be expected to rise further toward the next resistance level 16.00 (target price for the completion of the active wave ii).