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 10, 2019

McDonald’s Corp.: wave analysis 10 October 2019, 09:42


Scenario
Timeframe Weekly
Recommendation BUY
Entry Point 212.80
Take Profit 230.00, 236.50
Stop Loss 204.63
Key Levels 173.38, 191.92, 204.63, 230.00, 236.50
Alternative scenario
Recommendation SELL STOP
Entry Point 204.55
Take Profit 191.92, 173.38
Stop Loss 208.75
Key Levels 173.38, 191.92, 204.63, 230.00, 236.50
The price may grow.
On the 4-hour chart, the fifth wave of the higher level 5 of (3) develops, within which the third wave iii of 5 of (3) forms. Now, the development of the fifth wave of the lower level (v) of iii has started, within which the wave ii of (v) has ended. If the assumption is correct, the price will grow to the levels of 230.00–236.50 within the fifth wave (v) of iii. In this scenario, critical stop loss level is 204.63.


Main scenario
Long positions will become relevant during the correction, above the level of 204.63 with the targets at 230.00–236.50. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price below the level of 204.63 will let the price go down to the levels of 191.92–173.38.

No comments:
Write comments


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