Microsoft Corp.: wave analysis
03 June 2019, 09:28
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | SELL |
| Entry Point | 123.65 |
| Take Profit | 120.23, 116.73 |
| Stop Loss | 124.85 |
| Key Levels | 116.73, 120.23, 130.42, 140.00, 145.00 |
| Alternative scenario | |
|---|---|
| Recommendation | BUY STOP |
| Entry Point | 130.50 |
| Take Profit | 140.00, 145.00 |
| Stop Loss | 127.30 |
| Key Levels | 116.73, 120.23, 130.42, 140.00, 145.00 |
The price is in a correction, a fall is possible.
On the 4-hour chart, the fifth wave 5 of (3) of the higher level develops. Now, the third wave of the lower level iii of 5 has formed, and the local correction iv of 5 is developing, within which the wave (c) of iv is forming. If the assumption is correct, the price will fall to the levels of 120.23–116.73. In this scenario, critical stop loss level is 130.42.
Main scenario
Short positions will become relevant during the correction, below the level of 130.42 with the targets at 120.23–116.73. Implementation period: 5–7 days.
Alternative scenario
The breakout and the consolidation of the price above the level of 130.42 will let the price grow to the levels of 140.00–145.00.
On the 4-hour chart, the fifth wave 5 of (3) of the higher level develops. Now, the third wave of the lower level iii of 5 has formed, and the local correction iv of 5 is developing, within which the wave (c) of iv is forming. If the assumption is correct, the price will fall to the levels of 120.23–116.73. In this scenario, critical stop loss level is 130.42.
Main scenario
Short positions will become relevant during the correction, below the level of 130.42 with the targets at 120.23–116.73. Implementation period: 5–7 days.
Alternative scenario
The breakout and the consolidation of the price above the level of 130.42 will let the price grow to the levels of 140.00–145.00.
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