| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 188.00 |
| Take Profit | 210.00, 220.00 |
| Stop Loss | 175.82 |
| Key Levels | 143.70, 154.70, 175.82, 210.00, 220.00 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 175.80 |
| Take Profit | 154.70, 143.70 |
| Stop Loss | 182.85 |
| Key Levels | 143.70, 154.70, 175.82, 210.00, 220.00 |
The price is in correction, the probability of growth is maintained.
On the daily chart, wave C of the higher level continues to develop, which includes the construction of the third wave (3) of C. At the moment, the third wave of the lower level 3 of (3) has formed and a local correction has completed as the fourth wave 4 of (3). If the assumption is correct, the price will rise to the area of 210.00–220.00. The level of 175.82 is critical and stop-loss for this scenario.
Main scenario
Long positions are relevant above the level of 175.82 with targets at 210.00–220.00. Implementation time: 7 days and more.
Alternative scenario
Breakdown and consolidation of the price below the level 175.82 will allow the trading instrument to continue its downward dynamics to the area of 154.70–143.70.
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