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GBP/USD: general analysis 19 April 2019, 10:54

GBP/USD: general analysis 19 April 2019, 10:54 Scenario Timeframe Intraday Recommendation SELL Entry Point 1.2997 Ta...

Feb 12, 2019

Intel Corp.: wave analysis 12 February 2019, 08:34


Scenario
Timeframe Weekly
Recommendation BUY
Entry Point 48.77
Take Profit 53.30, 57.40
Stop Loss 45.60
Key Levels 39.34, 45.60, 53.30, 57.40
Alternative scenario
Recommendation SELL STOP
Entry Point 45.55
Take Profit 39.34
Stop Loss 47.65
Key Levels 39.34, 45.60, 53.30, 57.40
The price may grow.
On the 4-hour chart, a downward correction developed as the fourth wave 4 of (3) of the higher level. Locally the formation of the fifth wave 5 of (3) has begun, within which the local correction ii of 5 has developed, and the wave iii of 5 is forming. If the assumption is correct, the price will grow to the levels of 53.30–57.40. In this scenario, critical stop loss level is 45.60.


Main scenario
Long positions will become relevant during the correction, above the level of 45.60 with the targets at 53.30–57.40. Implementation period: 7 days and more.
Alternative scenario
The breakdown and the consolidation of the price below the level of 45.60 will let the price go down to the level of 39.34.

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