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GBP/USD: general analysis 16 November 2018, 13:19

GBP/USD: general analysis 16 November 2018, 13:19 Scenario Timeframe Weekly Recommendation BUY STOP Entry Point 1.2840...

Nov 8, 2018

Apple Inc.: wave analysis 08 November 2018, 08:42


Scenario
Timeframe Weekly
Recommendation BUY
Entry Point 209.94
Take Profit 233.26, 245.00
Stop Loss 197.20
Key Levels 180.00, 188.70, 197.20, 233.26, 245.00
Alternative scenario
Recommendation SELL STOP
Entry Point 197.10
Take Profit 188.70, 180.00
Stop Loss 199.90
Key Levels 180.00, 188.70, 197.20, 233.26, 245.00
The price may grow.
On the 4-hour chart, of the fifth wave (5) of the higher level develops. Now the downward correction has formed as a wave 4 of (5), and the development of the fifth wave of the lower level 5 of (5) is beginning. If the assumption is correct, the price will grow to the area of the levels of 233.26–245.00. In this scenario, critical stop loss level is 197.20.


Main scenario
Long positions will become relevant during the correction, above the level of 197.20 with the targets at 233.26–245.00. Implementation period: 7 days and more.
Alternative scenario
The breakdown and the consolidation of the price below the level of 197.20 will let the price go down to the levels of 188.70–180.00.

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