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USD/CAD: technical analysis 15 October 2019, 12:43

USD/CAD: technical analysis 15 October 2019, 12:43 Scenario Timeframe Weekly Recommendation BUY STOP Entry Point 1.324...

Jul 11, 2019

Altria Group Inc.: wave analysis 11 July 2019, 09:36


Scenario
Timeframe Weekly
Recommendation BUY
Entry Point 48.97
Take Profit 57.85, 60.10
Stop Loss 47.31
Key Levels 42.50, 45.50, 47.31, 57.85, 60.10
Alternative scenario
Recommendation SELL STOP
Entry Point 47.25
Take Profit 45.50, 42.50
Stop Loss 47.85
Key Levels 42.50, 45.50, 47.31, 57.85, 60.10
The price may grow.
On the 4-hour chart, an upward correction of the higher level develops as the wave (B) of 2. Now, the wave B of (B) has developed, within which the wave c of B has formed, and the development of the wave C of (B) is beginning. If the assumption is correct, the price will grow to the levels of 57.85–60.10. In this scenario, critical stop loss level is 47.31.


Main scenario
Long positions will become relevant during the correction, above the level of 47.31 with the targets at 57.85–60.10. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price below the level of 47.31 will let the price go down to the levels of 45.50–42.50.

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