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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...

Mar 14, 2019

McDonald’s Corp.: wave analysis 14 March 2019, 08:38


Scenario
Timeframe Weekly
Recommendation BUY
Entry Point 182.03
Take Profit 195.00, 200.00
Stop Loss 177.89
Key Levels 161.97, 169.17, 177.89, 195.00, 200.00
Alternative scenario
Recommendation SELL STOP
Entry Point 177.80
Take Profit 169.17, 161.97
Stop Loss 180.70
Key Levels 161.97, 169.17, 177.89, 195.00, 200.00
The price may grow.
On the 4-hour chart, the third wave of the higher level (3) develops. Locally the fifth wave of the lower level v of 5 of (3) is forming, within which the wave (iii) of v is developing. If the assumption is correct, the price will grow to the levels of 195.00–200.00. In this scenario, critical stop loss level is 177.89.


Main scenario
Long positions will become relevant during the correction, above the level of 177.89 with the targets at 195.00–200.00. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price below the level of 177.89 will let the price go down to the levels of 169.17–161.97.

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