Appleinc
Sell AppleBased on previous analysis apple is ready for weekly pullback!
Check the previous analysis on my profile!
How to enter:
1. when the counter trendline is broken take a good R:R and sell
2. Taget is 140 but fir safety make is 140.5
3. Use Counter trendline and lower highs for stoploss!
All the best!
AAPL - Triangle break - Channel supportPrice breaks the triangle pattern and moving up for the day. One can easily understand from the above analysis that the price is trading inside a channel pattern and the price is currently at the channel support, in this case the target would be top of the channel if this momentum continues.
There may be a possibility of retesting the triangle breakout level but it wont happen often.
APPLE : READY for TRIANGULAR THRUSTAfter the formation of bullish triangular structure with wave - e , as a final setback , stock has successfully crossed the level of wave-d . One should go long at current levels keeping the Stop loss below the level of wave-d (120$) or the lows of wave-e (112$)
The target level should be the recent highs that is 138$ and post that level the triangular thrust measurement which is the region of 144$.
Don't forget to go through the previous examples of triangular thrust. Below are the links available.
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APPLE LONG TERM PERSPECTIVE ****NOT AN FINANCIAL ADVICE****
This is the long term perspective of APPLE INC.
1. Rejection from zone 1.
2. Close below zone 2 - a. bearish
b. price will lead to 232.07 line
c. 228.87 is also weekly broken resistance which we anticipate to turn it to support when price comes around it.
d. blue condition.
3. Close below 232.07 - yellow condition
As we can see, red condition will invalidate once we break below zone 2.
This is just my analysis, it can be wrong.
****NOT AN FINANCIAL ADVICE***
AAPL Apple stocks sitting on edge of a cliffhey guys welcome to an update of apple stocks prices, as you guys can already see that we've seen a massive decline in AAPL prices from oct 2018 and may 2019 and with the current price movement looks like apple is now entering in wave c of a zigzag correction, as you see from charts prices decline heavily from 234 in oct 2018, and forms support at 142 in jan 2019, here we also get 200 weekly SMA support, prices exactly bounce from this level and rallied upto 215, here we have also fib786 resistance, this shows the property of wave B in ABC simple zigzag corrective pattern where wave B normally retraces 78.6% of wave A.
so from this principle most likely we're now entering in wave C which could lead us to lower levels.
a normal wave c in a zigzag correction could travel upto 100-127.2% of wave A which in this case goes upto 125 and 100 dollar level respectively and wave goes in the formation of 5 sub waves.
in above chart you can see that wave 1 has already completed and now wave 2 is in the process which could go upto 198 in short term, meanwhile wave 2 could also go upto 100% of wave 1 but not more than that, which in this situation is 215 level, so its better to keep our stop loss slightly above this, i'll recommend from 217-220 is a good level to place your stops.
if wave 2 rejects from fib618 around 198-200 which is most likely than wave 3 could go upto 161.8% of wave 1, around 130-120 level, meanwhile we could also see a double bottom formation around 142 level where we made the previous low or the bottom of wave 1, but most likely bulls will fail here coz wave 3 will be the most impulsive, than wave 4 could go upto 38.2% of wave 3, around 155-160 level and finally we could see the wave 5 driving prices lower around 100-95 dollar level.
but before you jump to short apple stocks, let me clear that this complete analysis is based on elliot wave theory and there's no guarantee for this price action, apple is the biggest player and it needs huge huge fud and massive selling for this kind of price action which could wipe out billions of dollar from the market.
but hey there's also a good news for bears and that's massive fud ahead,
Bloomberg: "Apple Must Face iPhone App Antitrust Suit, Supreme Court Rules"
devil's laugh ;)
Short AAPL
Entry 195-200
T1 145
T2 130
T3 100
SL 217-220