Technical analysis

Citigroup Wave Analysis 26 April, 2021

• Citigroup reversed from support level 70.00

• Likely to rise to resistance level 74.15

Citigroup continues to rise inside the upward impulse wave 3, which started earlier from the round support level 70.00 (former powerful resistance from January).

The support zone near the support level 70.00is strengthened by the lower daily Bollinger Band and by the 38.2% Fibonacci correction of the upward impulse 1 from January.

Citigroup is likely to rise further toward the next key resistance level 74.15 (top of the previous waves (a) and (b)).

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