| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | SELL |
| Entry Point | 555.08 |
| Take Profit | 457.77–400.00 |
| Stop Loss | 637.62 |
| Key Levels | 400.00, 457.77, 637.62, 685.00, 730.00 |
| Alternative scenario | |
|---|---|
| Recommendation | BUY STOP |
| Entry Point | 637.65 |
| Take Profit | 685.00, 730.00 |
| Stop Loss | 621.85 |
| Key Levels | 400.00, 457.77, 637.62, 685.00, 730.00 |
The price is in a correction and a fall is possible.
On the daily chart, a downward correction of the higher level ended as the wave B, and the upward wave C develops, within which the first wave (1) of C formed. Now, a local correction has started as the second wave (2) of C, within which the wave А of (2) forms. If the assumption is correct, the price of the asset will fall to the area of 457.77–400.00. In this scenario, critical stop loss level is 637.62.
Main scenario
Short positions will become relevant below the level of 637.62 with the targets at 457.77–400.00. Implementation period: 7 days and more.
Alternative scenario
A breakout and the consolidation of the price above the level of 637.62 will let the price grow to the area of 685.00–730.00.
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.
