Watching potential pattern and ABC corrective wave. Would love to see aapl back below 120. Pattern is wrong if it breaks prev. high.
Commento:
regular candles, maybe like this:
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btw, ignore dates on renko charts looking forward- they're not able to project time forecast whatsoever.. it's all based on what price does.
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I had someone tell me I was on drugs for saying aapl could drop to 120.. Well it dropped from 230 to 145 not long ago. I'm just looking at patterns and I happen to know aapl is up 1700% from '08 low. I think a 40% correction is not a difficult stretch of the imagination.
Commento:
thinking ahead- supports my theory that the month of june will rally in equities before the ugly move down
Commento:
aapl- haven't updated in a while- waited patiently for this. Added puts above 212- discovered this ascending broadening formation and held through the drop. Now, price tagged the bottom of the pattern. This is potentially a bearish pivot point: