IBM Corp.: wave analysis
09 April 2018, 09:42
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | SELL |
| Entry Point | 150.52 |
| Take Profit | 138.84, 126.65 |
| Stop Loss | 154.40 |
| Key Levels | 126.65, 138.84, 154.87, 162.12 |
| Alternative scenario | |
|---|---|
| Recommendation | BUY STOP |
| Entry Point | 154.95 |
| Take Profit | 162.12 |
| Stop Loss | 152.55 |
| Key Levels | 126.65, 138.84, 154.87, 162.12 |
The price can decrease.
On the 4-hour chart, the third wave of the higher level (3) of (C) is forming. Locally the third wave of the lower level 3 of (3), within which the correction ii of 3 has ended, is developing. If the assumption is correct, the price will fall to the levels of 138.84–126.65. The level of 154.87 is critical for this scenario.
Main scenario
Short positions will become relevant during the correction, below the level of 154.87 with the targets at 138.84–126.65.
Alternative scenario
The breakout and the consolidation of the price above the level of 154.87 will let the price grow to the level of 162.12.
On the 4-hour chart, the third wave of the higher level (3) of (C) is forming. Locally the third wave of the lower level 3 of (3), within which the correction ii of 3 has ended, is developing. If the assumption is correct, the price will fall to the levels of 138.84–126.65. The level of 154.87 is critical for this scenario.
Main scenario
Short positions will become relevant during the correction, below the level of 154.87 with the targets at 138.84–126.65.
Alternative scenario
The breakout and the consolidation of the price above the level of 154.87 will let the price grow to the level of 162.12.
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