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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 ...

Jun 12, 2019

IBM Corp.: wave analysis 12 June 2019, 09:43


Scenario
Timeframe Weekly
Recommendation SELL
Entry Point 135.85
Take Profit 121.22, 105.69
Stop Loss 138.50
Key Levels 138.50, 121.22, 105.69, 141.79, 145.37
Alternative scenario
Recommendation BUY STOP
Entry Point 138.60
Take Profit 141.79, 145.37
Stop Loss 137.50
Key Levels 138.50, 121.22, 105.69, 141.79, 145.37
The correction is ending. The price may fall.
On the 4-hour chart, the upward correction of the higher level formed as the fourth wave (4), and the development of the wave (5) began. Now, the first wave 1 of (5) of the lower level has formed, and the development of the upward correction 2 of (5) is ending. If the assumption is correct, the price will fall to the levels of 121.22–105.69. In this scenario, critical stop loss level is 138.50.


Main scenario
Short positions will become relevant below the level of 138.50 with the targets at 121.22–105.69. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price above the level of 138.50 will let the price grow to the levels of 141.79–145.37.

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