Microsoft Corp.: wave analysis
17 May 2018, 09:59
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 97.09 |
| Take Profit | 102.50, 104.50 |
| Stop Loss | 92.37 |
| Key Levels | 87.57, 92.37, 102.50, 104.50 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 92.30 |
| Take Profit | 87.57 |
| Stop Loss | 93.90 |
| Key Levels | 87.57, 92.37, 102.50, 104.50 |
The trend is upward.
Within the H4 timeframe, the formation of an upward trend in the third wave (3) of the higher level is supposedly continuing. Locally, the fifth wave of the lower level v of 5 of (3) is forming within which the third wave (iii) of v continues to develop. If the assumption is correct, one may expect the growth of the price of the asset to 102.50–104.50. The level of 92.37 is critical and stop-loss for this scenario.
Main scenario
Long positions are relevant from the corrections above level of 92.37 with targets at 102.50–104.50. Implementation period: 5–7 days.
Alternative scenario
Breaking down the level of 92.37 and consolidation of the price below it will allow the asset to continue falling to the level of 87.57.
Within the H4 timeframe, the formation of an upward trend in the third wave (3) of the higher level is supposedly continuing. Locally, the fifth wave of the lower level v of 5 of (3) is forming within which the third wave (iii) of v continues to develop. If the assumption is correct, one may expect the growth of the price of the asset to 102.50–104.50. The level of 92.37 is critical and stop-loss for this scenario.
Main scenario
Long positions are relevant from the corrections above level of 92.37 with targets at 102.50–104.50. Implementation period: 5–7 days.
Alternative scenario
Breaking down the level of 92.37 and consolidation of the price below it will allow the asset to continue falling to the level of 87.57.
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