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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 14, 2019

JP Morgan Chase Co.: wave analysis 14 August 2019, 09:56


Scenario
Timeframe Weekly
Recommendation SELL
Entry Point 109.32
Take Profit 97.79, 90.92
Stop Loss 117.47
Key Levels 90.92, 97.79, 117.47, 128.00
Alternative scenario
Recommendation BUY STOP
Entry Point 117.50
Take Profit 128.00
Stop Loss 114.00
Key Levels 90.92, 97.79, 117.47, 128.00
The price may fall.
On the 4-hour chart, the fifth wave of the higher level 5 of (3) developed. Now, the formation of a downward correction as the fourth wave (4) has begun, within which the entry momentum of the lower level (i) of i of A of (4) has formed. If the assumption is correct, the price will fall to the levels of 97.79–90.92. In this scenario, critical stop loss level is 117.47.


Main scenario
Short positions will become relevant during the correction, below the level of 117.47 with the targets at 97.79–90.92. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price above the level of 117.47 will let the price grow to the level of 128.00 and higher.

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