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USD/JPY: upward momentum maintains 20 September 2019, 14:15

USD/JPY: upward momentum maintains 20 September 2019, 14:15 Scenario Timeframe Weekly Recommendation BUY Entry Point 1...

Sep 13, 2019

Boeing Co.: wave analysis 13 September 2019, 09:44


Scenario
Timeframe Weekly
Recommendation BUY
Entry Point 375.75
Take Profit 397.25, 416.37
Stop Loss 355.75
Key Levels 292.93, 319.50, 350.17, 397.25, 416.37
Alternative scenario
Recommendation SELL STOP
Entry Point 350.10
Take Profit 319.50, 292.93
Stop Loss 360.30
Key Levels 292.93, 319.50, 350.17, 397.25, 416.37
The price is in a correction and may grow.
On the 4-hour chart, the third wave of the higher level 3 developed, and a downward correction forms as the wave 4. Now, the wave (A) of 4 has developed, and the wave (B) of 4 is forming, within which the wave A of (B) is developing. If the assumption is correct, the price will grow to the levels of 397.25–416.37. In this scenario, critical stop loss level is 350.17.


Main scenario
Long positions will become relevant during the correction, above the level of 350.17 with the targets at 397.25–416.37. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price below the level of 350.17 will let the price go down to the levels of 319.50–292.93.

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