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AUD/USD: technical analysis 15 November 2019, 12:22

AUD/USD: technical analysis 15 November 2019, 12:22 Scenario Timeframe Intraday Recommendation SELL STOP Entry Point 0...

Sep 11, 2019

IBM Corp.: wave analysis 11 September 2019, 09:35


Scenario
Timeframe Weekly
Recommendation SELL
Entry Point 144.99
Take Profit 121.25
Stop Loss 152.72
Key Levels 121.25, 152.72, 162.40, 170.63
Alternative scenario
Recommendation BUY STOP
Entry Point 152.75
Take Profit 162.40, 170.63
Stop Loss 149.50
Key Levels 121.25, 152.72, 162.40, 170.63
The price may fall.
On the 4-hour chart, an upward correction of the higher level formed as the wave (4) of C, and the development of the wave (5) began. Now, the first wave of the lower level 1 of (5) has formed, and the development of the upward correction 2 of (5) i ending. If the assumption is correct, the price will fall to the level of 121.25. In this scenario, critical stop loss level is 152.72.


Main scenario
Short positions will become relevant during the correction, below the level of 152.72 with the targets at 121.25. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price above the level of 152.72 will let the price grow to the levels of 162.40–170.63.

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