ATT Inc.: wave analysis
07 September 2018, 09:43
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | SELL |
| Entry Point | 32.19 |
| Take Profit | 30.11, 29.00 |
| Stop Loss | 33.59 |
| Key Levels | 29.00, 30.11, 33.59, 34.52, 36.31 |
| Alternative scenario | |
|---|---|
| Recommendation | BUY STOP |
| Entry Point | 33.65 |
| Take Profit | 34.52, 36.31 |
| Stop Loss | 33.00 |
| Key Levels | 29.00, 30.11, 33.59, 34.52, 36.31 |
The price can fall.
On the 4-hour chart, the downward correction of the higher level develops as a wave (2). Now the wave C of (2) is forming, within which the fifth wave of the lower level v of C is developing. If the assumption is correct, the price will fall to the levels of 30.11–29.00. In this scenario, critical stop loss level is 33.59.
Main scenario
Short positions will become relevant during the correction, below the level of 33.59 with the targets at 30.11–29.00. Implementation period: 5–7 days.
Alternative scenario
The breakout and the consolidation of the price above the level of 33.59 will let the price grow to the levels of 34.52–36.31.
On the 4-hour chart, the downward correction of the higher level develops as a wave (2). Now the wave C of (2) is forming, within which the fifth wave of the lower level v of C is developing. If the assumption is correct, the price will fall to the levels of 30.11–29.00. In this scenario, critical stop loss level is 33.59.
Main scenario
Short positions will become relevant during the correction, below the level of 33.59 with the targets at 30.11–29.00. Implementation period: 5–7 days.
Alternative scenario
The breakout and the consolidation of the price above the level of 33.59 will let the price grow to the levels of 34.52–36.31.
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