ATT Inc.: wave analysis 14 December 2018, 10:15

ATT Inc.: wave analysis

14 December 2018, 10:15

Scenario
Timeframe	Weekly
Recommendation	SELL
Entry Point	29.90
Take Profit	28.50, 27.50
Stop Loss	30.90
Key Levels	27.50, 28.50, 31.94, 34.28

Alternative scenario
Recommendation	SELL STOP
Entry Point	32.00
Take Profit	34.28
Stop Loss	32.75
Key Levels	27.50, 28.50, 31.94, 34.28

The decline in asset prices continues.
On the 4-hour chart, the downward correction of the senior level as a wave (2) continues. At the moment, it seems that the formation of the wave C of (2) is nearing completion, within which the fifth wave of the junior level v of C is developing. If the assumption is correct, the asset price will continue to decline to 28.50–27.50. The critical level for this scenario is 31.94.


Main scenario
Short positions will become relevant below the level of 31.94 with a target in the range of 28.50–27.50. Implementation period: 5-7 days.
Alternative scenario
The breakout and the consolidation of the price above the level of 31.94 will allow the shares to continue to rise to the level of 34.28.