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USD/CHF: Murrey analysis 18 March 2019, 13:48

USD/CHF: Murrey analysis 18 March 2019, 13:48 Scenario Timeframe Intraday Recommendation SELL Entry Point 1.0000 Tak...

Mar 13, 2019

IBM Corp.: wave analysis 13 March 2019, 08:33


Scenario
Timeframe Weekly
Recommendation SELL
Entry Point 138.28
Take Profit 105.90
Stop Loss 140.90
Key Levels 140.90, 105.90, 154.20, 161.90
Alternative scenario
Recommendation BUY STOP
Entry Point 140.95
Take Profit 154.20, 161.90
Stop Loss 136.50
Key Levels 140.90, 105.90, 154.20, 161.90
The price may fall.
On the 4-hour chart, the third wave of the higher level (3) developed. Now an upward correction has formed as the fourth wave (4), within which the zigzag abc has formed, and the development of the fifth wave (5) is beginning. If the assumption is correct, the price will fall to the level of 105.90. In this scenario, critical stop loss level is 140.90.


Main scenario
Short positions will become relevant below the level of 140.90 with the target at 105.90. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price above the level of 140.90 will let the price grow to the levels of 154.20–161.90.

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