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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 10, 2019

IBM Corp.: wave analysis 10 July 2019, 09:20


Scenario
Timeframe Weekly
Recommendation SELL
Entry Point 139.34
Take Profit 121.22, 105.69
Stop Loss 145.29
Key Levels 105.69, 121.22, 145.29, 154.53
Alternative scenario
Recommendation BUY STOP
Entry Point 145.35
Take Profit 154.53
Stop Loss 142.25
Key Levels 105.69, 121.22, 145.29, 154.53
The price may fall.
On the 4-hour chart, the fifth wave of the higher level (5) of C develops. Now, the first wave 1 of (5) of the lower level has formed, and the upward correction 2 of (5), shaped as a zigzag, has developed. If the assumption is correct, the price will fall within the wave 3 of (5) to the levels of 121.22–105.69. In this scenario, critical stop loss level is 145.29.


Main scenario
Short positions will become relevant below the level of 145.29 with the targets at 121.22–105.69. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price above the level of 145.29 will let the price grow to the level of 154.53 and higher.

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