Exxon Mobil Wave Analysis – 3 March 2026Exxon Mobil CorporationBATS:XOMFxPro - Exxon Mobil reversed from resistance zone - Likely to fall to support level 146.45 Exxon Mobil recently reversed down from the resistance zone between the resistance level 156.80 (which stopped wave 3 at the start of February) and the upper daily Bollinger Band. The price is currently forming the daily Japanese candlesticks reversal pattern Bearish Engulfing – strong sell signal for Exxon Mobil. Given the bearish divergence on the daily RSI indicator, Exxon Mobil can then be expected to fall to the next support level 146.45 (which stopped earlier waves 4 and ii).