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Facebook Inc. (FB/NASD): general analysis 06 December 2019, 11:19

Facebook Inc. (FB/NASD): general analysis 06 December 2019, 11:19 Scenario Timeframe Intraday Recommendation SELL STOP ...

Aug 12, 2019

Apple Inc.: wave analysis 12 August 2019, 09:59


Scenario
Timeframe Weekly
Recommendation SELL
Entry Point 201.12
Take Profit 171.08, 158.41
Stop Loss 221.07
Key Levels 158.41, 171.08, 221.07, 250.00, 264.50
Alternative scenario
Recommendation BUY STOP
Entry Point 221.10
Take Profit 250.00, 264.50
Stop Loss 211.45
Key Levels 158.41, 171.08, 221.07, 250.00, 264.50
The price may fall.
On the 4-hour chart, the fifth wave of the higher level (5) develops, within which a correction forms as the wave 2 of (5). Now, the wave b of 2 has formed, and the development of the wave c of 2 has begun, within which the first wave of the lower level (i) of c has formed, and the local correction (ii) of c is developing. If the assumption is correct, the price will fall to the levels of 171.08–158.41. In this scenario, critical stop loss level is 221.07.


Main scenario
Short positions will become relevant during the correction, below the level of 221.07 with the targets at 171.08–158.41. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price above the level of 221.07 will let the price grow to the levels of 250.00–264.50.

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