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EUR/USD: general analysis 16 August 2019, 14:11

EUR/USD: general analysis 16 August 2019, 14:11 Scenario Timeframe Weekly Recommendation SELL Entry Point 1.1076 Tak...

Feb 11, 2019

Microsoft Corp.: wave analysis 11 February 2019, 08:29

Timeframe Weekly
Recommendation BUY
Entry Point 105.74
Take Profit 116.38, 120.00
Stop Loss 95.15
Key Levels 80.76, 93.95, 116.38, 120.00
Alternative scenario
Recommendation SELL STOP
Entry Point 93.90
Take Profit 80.76
Stop Loss 98.30
Key Levels 80.76, 93.95, 116.38, 120.00
The price may grow.
On the 4-hour chart, a local correction formed as the fourth wave 4 of the higher level. Now the development of the fifth wave 5 has begun, within which the first entry wave of the lower level i of 5 has formed, and the local correction ii of 5 has ended. If the assumption is correct, the price will grow to the levels of 116.38–120.00. In this scenario, critical stop loss level is 93.95.

Main scenario
Long positions will become relevant during the correction, above the level of 93.95 with the targets at 116.38–120.00. Implementation period: 7 days and more.
Alternative scenario
The breakdown and the consolidation of the price below the level of 93.95 will let the price go down to the level of 80.76.

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