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ExxonMobil Wave Analysis – 20 November, 2019

  • ExxonMobil falling inside impulse wave C
  • Likely to fall to 75.00

ExxonMobil continues to fall inside the short-term impulse wave C, which belongs to the medium-term ABC correction (2) from the start of November.

The active wave (2) is a part of the longer-term upward impulse sequence ③ from last month.

ExxonMobil is expected to fall further toward the next support level 75.00 (target price for the completion of the active ABC correction (2)).

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