ExxonMobil: Toward the Resistance
As planned, XOM recently continued to rise with the magenta wave . We give this movement a bit more room, but another smaller corrective movement of wave [ii] should start below the resistance line at $126.34 before XOM ultimately surpasses this mark. Once the upward movement stalls below $126.34, it is important that the price doesn't fall too deeply afterward. After all, there is a 40% probability for our alternative scenario, where not wave in magenta but wave alt.2 in turquoise would develop its high – confirming an already established top of the overarching wave alt.(B) and, thus, a generally corrective scenario.
As planned, XOM recently continued to rise with the magenta wave . We give this movement a bit more room, but another smaller corrective movement of wave [ii] should start below the resistance line at $126.34 before XOM ultimately surpasses this mark. Once the upward movement stalls below $126.34, it is important that the price doesn't fall too deeply afterward. After all, there is a 40% probability for our alternative scenario, where not wave in magenta but wave alt.2 in turquoise would develop its high – confirming an already established top of the overarching wave alt.(B) and, thus, a generally corrective scenario.
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.