Baidu Wave Analysis 28 January 2025

– Baidu continues weekly upward correction

– Likely to rise to resistance level 95.00

Baidu continues to rise strongly inside the upward correction which started earlier from the major multi-year support level 80.00 (which has been reversing the price from 2022).

The upward reversal from the support level 80.00 created the weekly Japanese candlesticks reversal pattern Bullish Engulfing.

Baidu can be expected to rise further to the next resistance level 95.00 (which stopped the previous weekly correction 2 at the end of last year).

Source: https://fxpro.news