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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

Intel Corp.: wave analysis 13 August 2019, 10:39


Scenario
Timeframe Weekly
Recommendation SELL
Entry Point 45.58
Take Profit 42.11, 38.08
Stop Loss 48.55
Key Levels 38.08, 42.11, 53.43, 57.24, 59.55
Alternative scenario
Recommendation BUY STOP
Entry Point 53.50
Take Profit 57.24, 59.55
Stop Loss 52.25
Key Levels 38.08, 42.11, 53.43, 57.24, 59.55
The price may fall.
On the 4-hour chart, a downward correction of the higher level forms as the wave (4). Now, the wave B of (4) has formed as a zigzag, and the development of the wave C of (4) has begun, within which the wave i of C has formed. If the assumption is correct, after the correction ii of C the price will fall to the levels of 42.11–38.08. In this scenario, critical stop loss level is 53.43.


Main scenario
Short positions will become relevant during the correction, below the level of 53.43 with the targets at 42.11–38.08. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price above the level of 53.43 will let the price grow to the levels of 57.24–59.55.

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