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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...

Nov 7, 2019

Altria Group Inc.: wave analysis 07 November 2019, 09:14


Scenario
Timeframe Weekly
Recommendation SELL
Entry Point 45.91
Take Profit 37.00, 33.00
Stop Loss 47.33
Key Levels 33.00, 37.00, 47.33, 52.78, 57.85
Alternative scenario
Recommendation BUY STOP
Entry Point 47.40
Take Profit 52.78, 57.85
Stop Loss 45.60
Key Levels 33.00, 37.00, 47.33, 52.78, 57.85
The price may fall.
On the 4-hour chart, a downward correction of the higher level develops as the wave 2 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 has formed, and the local correction iv of C has ended. 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 47.33.


Main scenario
Short positions will become relevant during the correction, below the level of 47.33 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 47.33 will let the price grow to the levels of 52.78–57.85.

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