AAPL is going higher after breaking former ATH resistance strongly !
AAPL is beautiful example of how Elliott theory works ( we entered at around 140) if we use it precisely (I myself was wrong once recognizing correction pattern).
Currently APPL is in wave 3 of 3 of 5 of a cycle shown on the chart started at 116.21 low which probably will terminate around 176 USD.
After completion of this mentioned cycle ( from 116.21 to 176) there will be a considerable correction. Please note the trend of APPL in larger degree cycles is completely UP therefore, any upcoming decline will be just a correction not a fall.
If you are a short term trader you can save your profit at the completion of the cycle and pick it up again at the next bottom.
If you are a stock holder good news is APPL goes much higher in long term.
Please do not hesitate to ask questions if you feel need to.
Good luck my friends
AAPL is beautiful example of how Elliott theory works ( we entered at around 140) if we use it precisely (I myself was wrong once recognizing correction pattern).
Currently APPL is in wave 3 of 3 of 5 of a cycle shown on the chart started at 116.21 low which probably will terminate around 176 USD.
After completion of this mentioned cycle ( from 116.21 to 176) there will be a considerable correction. Please note the trend of APPL in larger degree cycles is completely UP therefore, any upcoming decline will be just a correction not a fall.
If you are a short term trader you can save your profit at the completion of the cycle and pick it up again at the next bottom.
If you are a stock holder good news is APPL goes much higher in long term.
Please do not hesitate to ask questions if you feel need to.
Good luck my friends
Nota
It is attacking top of the parallel channel. There is still even better scenario for APPL with above 200 target if channel break out happens ! Lets follow the battle first.Nota
APPLE gains as markets sinks. We got it right my friends.Nota
Think about taking some profit at 168 USD.Nota
Well! now we have a new ATH , Apple is fighting with top of channel once more ! who wins?Nota
APPLE broke top of the parallel channel and is reaching to our target !Nota
Target Reached !There is a strong resistance around 178 for moderate scenario. As I mentioned before, There is an even better scenario for APPLE with higher targets ! In the case it can pass this upcoming resistance strongly, We can think about update!
Nota
Apple still goes higher ! I suppose that base case scenario is happening ! APPL broke top of the parallel channel strongly which is a typical character of wave 3 not wave 5. What does it mean? I will publish my update soon ! but for now think about above 200 targets!Nota
Message is : Do not cut the head of your profit ! Apple goes higher my friends.Nota
we still kept our shares ! Don't we?Nota
NEW ATH ! and price is above broken parallel channel. congrats my friends.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.