| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 291.09 |
| Take Profit | 314.20, 330.00 |
| Stop Loss | 279.55 |
| Key Levels | 267.85, 273.50, 279.55, 314.20, 330.00 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 279.50 |
| Take Profit | 273.50, 267.85 |
| Stop Loss | 281.50 |
| Key Levels | 267.85, 273.50, 279.55, 314.20, 330.00 |
The price is in a correction and may grow.
On the daily chart, the fifth wave of the higher level (5) develops, within which the wave 1 of (5) formed, a downward correction ended as the second wave 2 of (5), and the third wave 3 of (5) develops. Now, the third wave of the lower level iii of 3 has ended, and a local correction has started to develop as the fourth wave iv of 3. If the assumption is correct, the asset will grow to the area of 314.20–330.00. In this scenario, critical stop loss level is 279.55.
Main scenario
Long positions will become relevant above the level of 279.55 with the targets at 314.20–330.00. Implementation period: 7 days and more.
Alternative scenario
A breakout and the consolidation of the price below the level of 279.55 will let the asset go down to the area of 273.50–267.85.
إخلاء المسؤولية: الآراء الواردة هنا تعبر فقط عن رأي الكاتب، ولا تمثل الموقف الرسمي لـ Followme. لا تتحمل Followme مسؤولية دقة أو اكتمال أو موثوقية المعلومات المُقدمة، ولا تتحمل مسؤولية أي إجراءات تُتخذ بناءً على المحتوى، ما لم يُنص على ذلك صراحةً كتابيًا.
