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GBP/USD: general analysis 26 February 2020, 13:50

GBP/USD: general analysis 26 February 2020, 13:50 Scenario Timeframe Intraday Recommendation BUY Entry Point 1.2940 ...

Feb 14, 2020

Boeing Co.: wave analysis 14 February 2020, 08:23


Scenario
Timeframe Weekly
Recommendation BUY
Entry Point 343.07
Take Profit 375.42, 390.78
Stop Loss 335.28
Key Levels 320.00, 325.88, 335.28, 375.42, 390.78
Alternative scenario
Recommendation SELL STOP
Entry Point 335.25
Take Profit 325.88, 320.00
Stop Loss 338.40
Key Levels 320.00, 325.88, 335.28, 375.42, 390.78
The price may grow.
On the 4-hour chart, a downward correction of the higher level developed as the wave 4, and the formation of the wave 5 starts. Now, the first wave of the lower level 1 of (1) of 5 is developing, within which the wave iii of 1 is ending. If the assumption is correct, the price will grow to the levels of 375.42–390.78. In this scenario, critical stop loss level is 335.28.


Main scenario
Long positions will become relevant during the correction, above the level of 335.28 with the targets at 375.42–390.78. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price below the level of 335.28 will let the price go down to the levels of 325.88–320.00.

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