| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 128.05 |
| Take Profit | 147.00, 158.00 |
| Stop Loss | 118.35 |
| Key Levels | 107.15, 112.65, 118.35, 147.00, 158.00 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 118.30 |
| Take Profit | 112.65, 107.15 |
| Stop Loss | 120.20 |
| Key Levels | 107.15, 112.65, 118.35, 147.00, 158.00 |
The price is in a correction and may grow.
On the daily chart, a downward correction of the higher level develops as the wave B, within which the wave (А) of B ended, and an upward correction develops as the wave (B) of B. Now, the wave of the lower level A of (B) forms, within which the third wave iii of A has developed, and a local correction is forming as the fourth wave iv of A. If the assumption is correct, the asset will grow to the area of 147.00–158.00. In this scenario, critical stop loss level is 118.35.
Main scenario
Long positions will become relevant above the level of 118.35 with the targets at 147.00–158.00. Implementation period: 7 days and more.
Alternative scenario
A breakout and the consolidation of the price below the level of 118.35 will let the asset go down to the area of 112.65–107.15.
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