My Elliott Wave count on APT shows a completed zigzag pattern. We've seen a clear A-B-C structure, and it appears the corrective B-wave has ended. The final C-wave impulse is now beginning.
This C-wave is a powerful, five-wave motive move to the upside, which often has a 1:1 relationship with the A-wave. I am expecting a significant bullish rally from this point.
Key Point: My analysis is invalidated if the price drops below $4.01. A break of this support would suggest a different market structure is at play.
Invalidation Point: $4.01
Disclaimer: This is an educational analysis based on Elliott Wave Theory and not financial advice. Trading involves risk, and you should always do your own research.
This C-wave is a powerful, five-wave motive move to the upside, which often has a 1:1 relationship with the A-wave. I am expecting a significant bullish rally from this point.
Key Point: My analysis is invalidated if the price drops below $4.01. A break of this support would suggest a different market structure is at play.
Invalidation Point: $4.01
Disclaimer: This is an educational analysis based on Elliott Wave Theory and not financial advice. Trading involves risk, and you should always do your own research.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.