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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 16, 2019

Intel Corp.: wave analysis 16 April 2019, 09:37


Scenario
Timeframe Weekly
Recommendation BUY
Entry Point 54.98
Take Profit 57.40, 59.80
Stop Loss 52.30
Key Levels 45.78, 48.06, 52.30, 57.40, 59.80
Alternative scenario
Recommendation SELL STOP
Entry Point 52.25
Take Profit 48.06, 45.78
Stop Loss 53.75
Key Levels 45.78, 48.06, 52.30, 57.40, 59.80
The price may grow.
On the 4-hour chart, the fifth wave 5 of (3) of the higher level develops. Now the third wave of the lower level iii of 5 has developed, within which the wave (v) of iii has formed. If the assumption is correct, after the end of the local correction iv of 5, the price will grow to the levels of 57.40–59.80. In this scenario, critical stop loss level is 52.30.


Main scenario
Long positions will become relevant after the end of the correction, above the level of 52.30 with the targets at 57.40–59.80. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price below the level of 52.30 will let the price go down to the levels of 48.06–45.78.

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