All of 2022 may prove to be only the penultimate move of the bull trend rather than the end itself. While the selling was strong at various times in 2022, we did not break the 38 fib and we did not trigger a capitulation style signal (Usually even if it wicked we see some sign of a strong break by now).
Above the last lows, bears have a lot of risk of AAPL running the high. These extensions may go as far as a 161 extension of the drop (Which would be a big strong move). It's also possible it makes a one tick trap style move as discussed in indices.
Above the last lows, bears have a lot of risk of AAPL running the high. These extensions may go as far as a 161 extension of the drop (Which would be a big strong move). It's also possible it makes a one tick trap style move as discussed in indices.
Commento:
I think this can see another spike to a bit over 220 but we're very close to completing the wave 5 area if that's what we're in.
Trade chiuso: obiettivo raggiunto:
Wave 5 target met in AAPL.
Commento:
Suspicion of AAPL high forming intensifies.