Baidu Wave Analysis – 8 January 2026

Baidu: ⬇️ Sell

– Baidu reversed from resistance zone

– Likely to fall to support level 135.00

Baidu recently reversed down from the resistance zone between the pivotal resistance level 150.00 (which stopped sharp wave A in October) and the upper daily Bollinger Band.

The downward reversal from the resistance level 150.00 created the daily Bearish Engulfing – which stopped earlier impulse wave C.

Given the strength of the resistance level 150.00 and the overbought daily Stochastic, Baidu can be expected to fall to the next support level 135.00.

Source: https://fxpro.news