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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 8, 2019

Boeing Co.: wave analysis 08 November 2019, 08:41


Scenario
Timeframe Weekly
Recommendation BUY
Entry Point 357.54
Take Profit 390.84, 407.25
Stop Loss 332.55
Key Levels 270.00, 292.50, 322.75, 390.84, 407.25
Alternative scenario
Recommendation SELL STOP
Entry Point 322.70
Take Profit 292.50, 270.00
Stop Loss 332.80
Key Levels 270.00, 292.50, 322.75, 390.84, 407.25
The price may grow.
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 B of (B) has developed, and the formation of the wave C of (B) has begun. If the assumption is correct, the price will grow to the levels of 390.84–407.25. In this scenario, critical stop loss level is 322.75.


Main scenario
Long positions will become relevant during the correction, above the level of 322.75 with the targets at 390.84–407.25. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price below the level of 322.75 will let the price go down to the levels of 292.50–270.00.

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