Just an idea I made some time ago and it seams to be accurate thus far.
Comment
⋅
so far so good. We touched lower line at 164, and now apple is making right shoulder, target around 187-189 from there we should go down to 110 over few months period
Comment
⋅
I have closed the trade for now. Both targets 163 and 187 were reached. I will stay on the sideline and wait. 189 is my max target , we could do triple top at 197, lets see
The top trend line doesn’t seem right. Also, key levels of support/resistance need to be observed. We cannot just predict a drop or break for no reason. You also have to look at the company finances. Such a big company losing a trillion dollar in market value from your analysis would only occur during a Great Depression. What you predicted could happen but very low probability.
The chart for this is not looking good plus media sentiment is shifting; thanks for the idea
abigreen
⋅
@treytoyota83, so far I reached two targets. 163 on the way down and 187 on the way up. Lets see how this unfolds. I don't see Apple going higher then 189. I will only short it when I get clear confirmation.