IBM Wave Analysis – 11 August 2025

IBM: ⬇️ Sell

– IBM reversed from resistance level 253.60

– Likely to fall to support level 230.00

IBM recently reversed from the resistance level 253.60 (former support from the start of July) and the 50% Fibonacci correction of the upward impulse from April.

The downward reversal from the resistance level 253.60 continued the active impulse wave C of the ABC correction (2) from June.

IBM can be expected to fall further to the next support level 230.00 (target price for the completion of the active impulse wave C).

Source: https://fxpro.news