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USD/JPY: general review 21 May 2019, 14:14

USD/JPY: general review 21 May 2019, 14:14 Scenario Timeframe Weekly Recommendation BUY Entry Point 110.26 Take Prof...

Dec 6, 2018

Apple Inc.: wave analysis 06 December 2018, 08:31


Scenario
Timeframe Weekly
Recommendation BUY
Entry Point 176.77
Take Profit 195.01, 210.50
Stop Loss 170.00
Key Levels 146.00, 162.50, 170.00, 195.01, 210.50
Alternative scenario
Recommendation SELL STOP
Entry Point 169.90
Take Profit 162.50, 146.00
Stop Loss 172.40
Key Levels 146.00, 162.50, 170.00, 195.01, 210.50
The price may grow.
On the 4-hour chart, a downward correction formed as a wave (4), shaped as a zigzag. Now the development of the fifth wave (5) is beginning. If the assumption is correct, the price will grow to the levels of 195.01–210.50. In this scenario, critical stop loss level is 170.00.


Main scenario
Long positions will become relevant during the correction, above the level of 170.00 with the targets at 195.01–210.50. Implementation period: 7 days and more.
Alternative scenario
The breakdown and the consolidation of the price below the level of 170.00 will let the price go down to the levels of 162.50–146.00.

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