ATT Inc.: wave analysis
10 August 2018, 09:56
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 32.48 |
| Take Profit | 34.52, 36.32 |
| Stop Loss | 30.11 |
| Key Levels | 28.50, 30.11, 34.52, 36.32 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 30.05 |
| Take Profit | 28.50 |
| Stop Loss | 30.55 |
| Key Levels | 28.50, 30.11, 34.52, 36.32 |
The price can grow.
On the 4-hour chart, the downward correction of the higher level developed as a wave (2). Now the formation of the wave (3) has begun, within which the first wave of the lower level (i) of i is developing. If the assumption is correct, the price will grow to the levels of 34.52–36.32. The level of 30.11 is critical and stop loss for this scenario.
Main scenario
Long positions will become relevant during the correction, above the level of 30.11 with the targets at 34.52–36.32. Implementation period: 7 days and more.
Alternative scenario
The breakdown and the consolidation of the price below the level of 30.11 will let the price go down to the level of 28.50.
On the 4-hour chart, the downward correction of the higher level developed as a wave (2). Now the formation of the wave (3) has begun, within which the first wave of the lower level (i) of i is developing. If the assumption is correct, the price will grow to the levels of 34.52–36.32. The level of 30.11 is critical and stop loss for this scenario.
Main scenario
Long positions will become relevant during the correction, above the level of 30.11 with the targets at 34.52–36.32. Implementation period: 7 days and more.
Alternative scenario
The breakdown and the consolidation of the price below the level of 30.11 will let the price go down to the level of 28.50.
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