ATT Inc.: wave analysis 02 July 2019, 09:40

ATT Inc.: wave analysis

02 July 2019, 09:40

Scenario
Timeframe	Weekly
Recommendation	BUY
Entry Point	33.42
Take Profit	34.28, 36.37
Stop Loss	32.85
Key Levels	28.81, 30.36, 32.39, 34.28, 36.37

Alternative scenario
Recommendation	SELL STOP
Entry Point	32.30
Take Profit	30.36, 28.81
Stop Loss	32.95
Key Levels	28.81, 30.36, 32.39, 34.28, 36.37

The price may grow.
On the 4-hour chart, the third wave of the higher level (3) develops, within which the wave iii of 1 of (3) forms. Now, the third wave of the lower level (iii) of iii of 1 is developing. If the assumption is correct, the price will grow to the levels of 34.28–36.37. In this scenario, critical stop loss level is 32.39.


Main scenario
Long positions will become relevant during the correction, above the level of 32.39 with the targets at 34.28–36.37. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price below the level of 32.39 will let the price go down to the levels of 30.36–28.81.