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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...

Jul 12, 2019

Boeing Co.: wave analysis 12 July 2019, 09:45


Scenario
Timeframe Weekly
Recommendation BUY
Entry Point 358.97
Take Profit 417.00, 445.00
Stop Loss 329.90
Key Levels 292.93, 329.90, 417.00, 445.00
Alternative scenario
Recommendation SELL STOP
Entry Point 329.85
Take Profit 292.93
Stop Loss 342.85
Key Levels 292.93, 329.90, 417.00, 445.00
The price may grow.
On the 4-hour chart, the fifth wave of the higher level (5) develops, within which the wave 1 of (5) formed, and the downward correction 2 of (5) developed. Now, the development of the wave 3 of (5) has begun, within which the first wave of the lower level (i) of i of 3 has formed, and the correction (ii) of i has ended. If the assumption is correct, the price will grow to the levels of 417.00–445.00. In this scenario, critical stop loss level is 329.90.


Main scenario
Long positions will become relevant during the correction, above the level of 329.90 with the targets at 417.00–445.00. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price below the level of 329.90 will let the price go down to the level of 292.93.

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