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USD/JPY: the epidemiological situation in Japan is rapidly deteriorating 28 July 2022, 11:47

  USD/JPY: the epidemiological situation in Japan is rapidly deteriorating 28 July 2022, 11:47 Scenario Timeframe Weekly Reco...

Sep 11, 2017

Boeing Company: wave analysis 11 September 2017, 08:29

 


Scenario
Timeframe Weekly
Recommendation SELL
Entry Point 238.49
Take Profit 227.00, 218.00
Stop Loss 242.35
Key Levels 218.00, 227.00, 242.34, 255.00, 260.00
Alternative scenario
Recommendation BUY STOP
Entry Point 242.40
Take Profit 255.00, 260.00
Stop Loss 238.20
Key Levels 218.00, 227.00, 242.34, 255.00, 260.00
The price is in correction and can fall.
The upward momentum within the fifth wave v within the third wave of the higher level 3 is forming. At the moment the local correction is developing as a wave 4, within it the formation of the wave c of 4 has begun. If the assumption is correct, the price will fall to the levels of 227.00–218.00. The level of 242.34 is critical for this scenario.


Main scenario
Short positions can be opened below the level of 242.34 with the targets at 227.00–218.00.
Alternative scenario
The breakout and the consolidation of the price above the level of 242.34 will let the price grow to the levels of 255.00–260.00.

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