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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...

Aug 13, 2019

ATT Inc.: wave analysis 13 August 2019, 10:41


Scenario
Timeframe Weekly
Recommendation BUY
Entry Point 34.47
Take Profit 35.33, 37.37
Stop Loss 33.85
Key Levels 30.00, 31.47, 33.20, 35.33, 37.37
Alternative scenario
Recommendation SELL STOP
Entry Point 33.15
Take Profit 31.47, 30.00
Stop Loss 33.75
Key Levels 30.00, 31.47, 33.20, 35.33, 37.37
The price may grow.
On the 4-hour chart, an upward correction of the higher level develops as the wave (2), within which the wave A of (2) forms. Now, the wave v of A of the lower level is developing. If the assumption is correct, the price will grow to the levels of 35.33–37.37. In this scenario, critical stop loss level is 33.20.


Main scenario
Long positions will become relevant during the correction, above the level of 33.20 with the targets at 35.33–37.37. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price below the level of 33.20 will let the price go down to the levels of 31.47–30.00.

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