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USD/CAD: technical analysis 16 July 2019, 11:19

USD/CAD: technical analysis 16 July 2019, 11:19 Scenario Timeframe Intraday Recommendation SELL STOP Entry Point 1.303...

May 15, 2019

IBM Corp.: wave analysis 15 May 2019, 09:53


Scenario
Timeframe Weekly
Recommendation SELL
Entry Point 133.27
Take Profit 121.22
Stop Loss 142.04
Key Levels 121.22, 142.04, 150.00, 154.18
Alternative scenario
Recommendation BUY STOP
Entry Point 142.10
Take Profit 150.00, 154.18
Stop Loss 139.40
Key Levels 121.22, 142.04, 150.00, 154.18
The price may fall.
On the 4-hour chart, an upward correction of the higher level formed as the fourth wave (4), and the development of the wave (5) began. Now, the wave 1 of (5) of the lower level is forming, within which the wave iii of 1 is developing. If the assumption is correct, the price will fall to the level of 121.22 and below. In this scenario, critical stop loss level is 142.04.


Main scenario
Short positions will become relevant during the correction, below the level of 142.04 with the target at 121.22 and below. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price above the level of 142.04 will let the price grow to the levels of 150.00–154.18.

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