Categories: Technical analysis

Virgin Galactic Wave Analysis – 26 March 2025

Virgin Galactic: ⬇️ Sell

– Virgin Galactic reversed from the resistance area

– Likely to fall to support level 3.000

Virgin Galactic recently reversed down from the resistance area between the key resistance level 4.45 (which has been reversing the price from February), the resistance trendline of the daily down channel from November, 50% Fibonacci correction of the downward impulse from January and the upper daily Bollinger Band.

The downward reversal from this resistance area started active wave 3 – which belongs to wave (5) from November.

Given the strong downtrend, Virgin Galactic can be expected to fall to the next support level 3.000, which stopped the previous wave 1.

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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The FxPro Tech Analysis Team

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