
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 100.16 |
| Take Profit | 123.60, 135.00 |
| Stop Loss | 96.35 |
| Key Levels | 79.25, 89.85, 96.35, 123.60, 135.00 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 96.30 |
| Take Profit | 89.85, 79.25 |
| Stop Loss | 98.45 |
| Key Levels | 79.25, 89.85, 96.35, 123.60, 135.00 |
The price is in a correction and may grow.
On the daily chart, a downward correction of the higher level ended as the wave B, and the wave C has started, within which the entry first wave 1 of (1) of C forms. Now, a downward correction has ended as the second wave 2 of (1) of C, within which the wave c of 2 is ending. If the assumption is correct, after the correction, the asset will grow within the wave 3 of (1) to the area of 123.60–135.00. In this scenario, critical stop loss level is 96.35.


Main scenario
Long positions will become relevant above the level of 96.35 with the targets at 123.60–135.00. Implementation period: 7 days and more.
Alternative scenario
A breakout and the consolidation of the price below the level of 96.35 will let the price go down to the area of 89.85–79.25.
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