IBM Corp.: wave analysis
19 June 2019, 09:27
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | SELL |
| Entry Point | 136.38 |
| Take Profit | 121.22, 105.69 |
| Stop Loss | 145.35 |
| Key Levels | 105.69, 121.22, 145.35, 154.33, 171.01 |
| Alternative scenario | |
|---|---|
| Recommendation | BUY STOP |
| Entry Point | 145.40 |
| Take Profit | 154.33, 171.01 |
| Stop Loss | 142.40 |
| Key Levels | 105.69, 121.22, 145.35, 154.33, 171.01 |
The correction ends. The price may fall.
On the 4-hour chart, the upward correction of the higher level formed as the fourth wave (4), and the development of the wave (5) began. Now, the first wave 1 of (5) of the lower level has formed, and the development of the upward correction 2 of (5) is ending. If the assumption is correct, the price will fall to the levels of 121.22–105.69. In this scenario, critical stop loss level is 145.35.
Main scenario
Short positions will become relevant below the level of 145.35 with the targets at 121.22–105.69. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price above the level of 145.35 will let the price grow to the levels of 154.33–171.01.
On the 4-hour chart, the upward correction of the higher level formed as the fourth wave (4), and the development of the wave (5) began. Now, the first wave 1 of (5) of the lower level has formed, and the development of the upward correction 2 of (5) is ending. If the assumption is correct, the price will fall to the levels of 121.22–105.69. In this scenario, critical stop loss level is 145.35.
Main scenario
Short positions will become relevant below the level of 145.35 with the targets at 121.22–105.69. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price above the level of 145.35 will let the price grow to the levels of 154.33–171.01.
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