Microsoft Corp.: wave analysis
13 December 2018, 10:33
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 109.15 |
| Take Profit | 120.00, 125.07 |
| Stop Loss | 99.27 |
| Key Levels | 87.10, 99.27, 120.00, 125.07 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 99.20 |
| Take Profit | 87.10 |
| Stop Loss | 103.25 |
| Key Levels | 87.10, 99.27, 120.00, 125.07 |
The increase is highly likely.
On the H4 chart, the local correction as the fourth wave 4 of the senior level was completed. At the moment, apparently, the development of the fifth wave 5 began, within which the first wave of the lower level i of 5 was formed, and the local correction as the wave ii of 5 was completed. The critical level for this scenario will be 99.27.
Main scenario
Long positions will be relevant above the level of 99.27 with a target in the range of 120.00–125.07. Implementation period: 7+ days.
Alternative scenario
Breakdown and consolidation of the price below the level of 99.27 will allow the asset to decline to the level of 87.10.
On the H4 chart, the local correction as the fourth wave 4 of the senior level was completed. At the moment, apparently, the development of the fifth wave 5 began, within which the first wave of the lower level i of 5 was formed, and the local correction as the wave ii of 5 was completed. The critical level for this scenario will be 99.27.
Main scenario
Long positions will be relevant above the level of 99.27 with a target in the range of 120.00–125.07. Implementation period: 7+ days.
Alternative scenario
Breakdown and consolidation of the price below the level of 99.27 will allow the asset to decline to the level of 87.10.
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