Motorola Wave Analysis 15 January, 2021

January 15, 2021 at 03:51PM

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• Motorola reversed from powerful resistance level 175.00

• Likely to fall to 170.00

Motorola recently reversed down with the daily Shooting Star from the powerful resistance level 175.00 (which has been reversing the price from the middle of October) – strengthened by the upper daily Bollinger Band.

The downward reversal from the resistance level 175.00 runs counter to the previous impulse waves 3 and (C).

Given the strength of the resistance level 175.00 – Motorola is expected to fall further toward the next support level 170.00.

From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/motorola-wave-analysis-15-january-2021-20210115/
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