Apple Inc.: wave analysis
19 September 2017, 09:06
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | SELL |
| Entry Point | 158.45 |
| Take Profit | 141.50, 134.00 |
| Stop Loss | 164.10 |
| Key Levels | 134.00, 141.50, 164.75, 170.00 |
| Alternative scenario | |
|---|---|
| Recommendation | BUY STOP |
| Entry Point | 164.80 |
| Take Profit | 170.00 |
| Stop Loss | 163.05 |
| Key Levels | 134.00, 141.50, 164.75, 170.00 |
A decrease in the share’s price is expected.
On the four-hour chart, the upward momentum was formed within the fifth wave 5 of the higher level. At the moment, apparently, the development of a downward correction has begun, within which a "bearish" impulse is forming as the first wave i. If the assumption is true, the price will fall to the levels of 141.50-134.00. The level of 164.75 is critical for this scenario.
Main scenario
Sell the asset during the corrections, below the level of 164.75 with a target in the range of 141.50-134.00.
Alternative scenario
Breakout of the level of 164.75 will allow the asset to continue growing to around 170.00.
On the four-hour chart, the upward momentum was formed within the fifth wave 5 of the higher level. At the moment, apparently, the development of a downward correction has begun, within which a "bearish" impulse is forming as the first wave i. If the assumption is true, the price will fall to the levels of 141.50-134.00. The level of 164.75 is critical for this scenario.
Main scenario
Sell the asset during the corrections, below the level of 164.75 with a target in the range of 141.50-134.00.
Alternative scenario
Breakout of the level of 164.75 will allow the asset to continue growing to around 170.00.
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