Citibank Wave Analysis – 3 February 2025

- Citibank reversed from support level 76.00
- Likely to rise to resistance level 82.00

Citibank recently reversed up from the support level 76.00, intersecting with the 20-day moving average, 50% Fibonacci correction of the upward impulse from January.

The support zone near the support level 76.00 was further strengthened by the upper trendline of the recently broken up channel from August.

Given the clear uptrend, Citibank can be expected to rise to the next resistance level 82.00 (which stopped the previous sharp impulse wave 3).