Theme images by MichaelJay. Powered by Blogger.

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...

Mar 14, 2019

Altria Group Inc.: wave analysis 14 March 2019, 08:41


Scenario
Timeframe Weekly
Recommendation BUY
Entry Point 56.13
Take Profit 60.10, 64.30
Stop Loss 52.30
Key Levels 47.00, 48.55, 51.87, 60.10, 64.30
Alternative scenario
Recommendation SELL STOP
Entry Point 51.80
Take Profit 48.55, 47.00
Stop Loss 52.90
Key Levels 47.00, 48.55, 51.87, 60.10, 64.30
The price may grow.
On the 4-hour chart, a large downward correction develops as the wave 2 of the higher level, within which the wave (A) of 2 formed. Now an upward correction is developing as the wave (B) of 2, within which the wave A of (B) is forming as a momentum. If the assumption is correct, the price will grow to the levels of 60.10–64.30. In this scenario, critical stop loss level is 51.87.


Main scenario
Long positions will become relevant during the correction, above the level of 51.87 with the targets at 60.10–64.30. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price below the level of 51.87 will let the price go down to the levels of 48.55–47.00.

No comments:
Write comments


If you are interested or have any questions - Contact us!