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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

McDonald’s Corp.: wave analysis 11 July 2019, 09:37


Scenario
Timeframe Weekly
Recommendation BUY
Entry Point 212.95
Take Profit 219.00, 225.00
Stop Loss 210.85
Key Levels 186.00, 190.00, 203.58, 219.00, 225.00
Alternative scenario
Recommendation SELL STOP
Entry Point 203.50
Take Profit 190.00, 186.00
Stop Loss 208.00
Key Levels 186.00, 190.00, 203.58, 219.00, 225.00
The trend is upward.
On the 4-hour chart, the fifth wave of the higher level 5 of (3) develops, within which the third wave iii of 5 of (3) forms. Now, a local correction has developed as the wave (iv) of iii, and the wave (v) of iii is forming. If the assumption is correct, the price will grow to the levels of 219.00–225.00. In this scenario, critical stop loss level is 203.58.


Main scenario
Long positions will become relevant during the correction, above the level of 203.58 with the targets at 219.00–225.00. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price below the level of 203.58 will let the price go down to the levels of 190.00–186.00.

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