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EUR/USD: general analysis 16 August 2019, 14:11

EUR/USD: general analysis 16 August 2019, 14:11 Scenario Timeframe Weekly Recommendation SELL Entry Point 1.1076 Tak...

Jun 13, 2019

Altria Group Inc.: wave analysis 13 June 2019, 09:33


Scenario
Timeframe Weekly
Recommendation BUY
Entry Point 51.59
Take Profit 57.85, 60.10
Stop Loss 48.95
Key Levels 42.50, 47.00, 48.95, 57.85, 60.10
Alternative scenario
Recommendation SELL STOP
Entry Point 48.90
Take Profit 47.00, 42.50
Stop Loss 49.55
Key Levels 42.50, 47.00, 48.95, 57.85, 60.10
The price may grow.
On the 4-hour chart, the upward correction of the higher level develops as the wave (B) of 2. Now, the wave B of (B) has developed, and the formation of the wave C of (B) is beginning. If the assumption is correct, the price will grow to the levels of 57.85–60.10. In this scenario, critical stop loss level is 48.95.


Main scenario
Long positions will become relevant during the correction, above the level of 48.95 with the targets at 57.85–60.10. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price below the level of 48.95 will let the price go down to the levels of 47.00–42.50.

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