Theme images by MichaelJay. Powered by Blogger.

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 11, 2019

Boeing Co.: wave analysis 11 October 2019, 09:42


Scenario
Timeframe Weekly
Recommendation SELL
Entry Point 370.92
Take Profit 354.42, 346.77
Stop Loss 378.06
Key Levels 346.77, 354.42, 378.06, 390.84, 407.25
Alternative scenario
Recommendation BUY STOP
Entry Point 378.15
Take Profit 390.84, 407.25
Stop Loss 373.90
Key Levels 346.77, 354.42, 378.06, 390.84, 407.25
The price is in a correction, a fall is possible.
On the 4-hour chart, a downward correction of the higher level forms as the wave 4, within which the wave (B) of 4 develops. Now, the wave A of (B) has formed, the wave B of (B) is developing, within which the wave c of B has formed. If the assumption is correct, the price will fall to the levels of 354.42–346.77. In this scenario, critical stop loss level is 378.06.


Main scenario
Short positions will become relevant during the correction, below the level of 378.06 with the targets at 354.42–346.77. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price above the level of 378.06 will let the price grow to the levels of 390.84–407.25.

No comments:
Write comments


If you are interested or have any questions - Contact us!