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EUR/USD: general review 14 June 2019, 11:05

EUR/USD: general review 14 June 2019, 11:05 Scenario Timeframe Intraday Recommendation SELL STOP Entry Point 1.1265 ...

Apr 17, 2019

IBM Corp.: wave analysis 17 April 2019, 09:41


Scenario
Timeframe Weekly
Recommendation SELL
Entry Point 145.10
Take Profit 138.45, 121.46
Stop Loss 147.60
Key Levels 121.46, 138.45, 147.60, 150.00, 154.18
Alternative scenario
Recommendation BUY STOP
Entry Point 147.65
Take Profit 150.00, 154.18
Stop Loss 146.85
Key Levels 121.46, 138.45, 147.60, 150.00, 154.18
The price may fall.
On the 4-hour chart, the formation of the upward correction of the higher level as the fourth wave (4) ends. Now the wave C of (4) is developing, within which the fifth wave of the lower level v of C is ending. If the assumption is correct, the price will fall to the levels of 138.45–121.46. In this scenario, critical stop loss level is 147.60.


Main scenario
Short positions will become relevant below the level of 147.60 with the targets at 138.45–121.46. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price above the level of 147.60 will let the price grow to the levels of 150.00–154.18.

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