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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...

Oct 10, 2019

Altria Group Inc.: wave analysis 10 October 2019, 09:43


Scenario
Timeframe Weekly
Recommendation SELL
Entry Point 42.44
Take Profit 37.00, 33.00
Stop Loss 45.05
Key Levels 33.00, 37.00, 45.05, 52.51, 57.85
Alternative scenario
Recommendation BUY STOP
Entry Point 45.10
Take Profit 52.51, 57.85
Stop Loss 42.65
Key Levels 33.00, 37.00, 45.05, 52.51, 57.85
The price is falling.
On the 4-hour chart, a downward correction of the higher level develops as the wave 2 shaped as a double zigzag (W)(X)(Y), within which the wave (Y) of 2 develops. Now, the wave C of (Y) is forming, within which the wave iii of C is developing. If the assumption is correct, the price will fall to the levels of 37.00–33.00. In this scenario, critical stop loss level is 45.05.


Main scenario
Short positions will become relevant during the correction, below the level of 45.05 with the targets at 37.00–33.00. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price above the level of 45.05 will let the price grow to the levels of 52.51–57.85.

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