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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...

Apr 15, 2019

Apple Inc.: wave analysis 15 April 2019, 09:59


Scenario
Timeframe Weekly
Recommendation BUY
Entry Point 198.82
Take Profit 224.13, 233.22
Stop Loss 184.12
Key Levels 155.50, 169.33, 184.12, 224.13, 233.22
Alternative scenario
Recommendation SELL STOP
Entry Point 184.05
Take Profit 169.33, 155.50
Stop Loss 188.95
Key Levels 155.50, 169.33, 184.12, 224.13, 233.22
The price may grow.
On the 4-hour chart, a downward correction formed as the wave (4), shaped as a zigzag with a lengthened wave C of (4). Now the fifth wave (5) is forming, within which the third wave of the lower level 3 of (5) is developing. If the assumption is correct, the price will grow to the levels of 224.13–233.22. In this scenario, critical stop loss level is 184.12.


Main scenario
Long positions will become relevant during the correction, above the level of 184.12 with the targets at 224.13–233.22. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price below the level of 184.12 will let the price go down to the levels of 169.33–155.50.

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