Apple Inc.: wave analysis
12 September 2017, 08:58
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 161.27 |
| Take Profit | 170.00 |
| Stop Loss | 158.35 |
| Key Levels | 151.70, 156.20, 170.00 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 156.10 |
| Take Profit | 151.70 |
| Stop Loss | 157.55 |
| Key Levels | 151.70, 156.20, 170.00 |
The price can grow.
The upward momentum within the fifth wave 5 of the higher level is forming. At the moment the fifth wave of the lower level v of 5 is developing, within it the wave (iii) of v has ended and local correction (iv) is forming. If the assumption is correct, the price will grow to the level of 170.00 after the end of the correction. The level of 156.20 is critical for this scenario.
Trading tips
Long positions can be opened during the correction, above the level of 156.20 with the target at 170.00.
Alternative scenario
The breakdown and the consolidation of the price below the level of 156.20 will let the price go down to the level of 151.70.
The upward momentum within the fifth wave 5 of the higher level is forming. At the moment the fifth wave of the lower level v of 5 is developing, within it the wave (iii) of v has ended and local correction (iv) is forming. If the assumption is correct, the price will grow to the level of 170.00 after the end of the correction. The level of 156.20 is critical for this scenario.
Trading tips
Long positions can be opened during the correction, above the level of 156.20 with the target at 170.00.
Alternative scenario
The breakdown and the consolidation of the price below the level of 156.20 will let the price go down to the level of 151.70.
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