Apple Inc.: wave analysis
05 April 2018, 09:26
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 171.59 |
| Take Profit | 182.78, 195.00 |
| Stop Loss | 167.85 |
| Key Levels | 161.70, 164.12, 182.78, 195.00 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 164.10 |
| Take Profit | 161.70 |
| Stop Loss | 164.90 |
| Key Levels | 161.70, 164.12, 182.78, 195.00 |
The correction has ended, the growth is expected.
On the 4-hour chart, the downward correction has formed as a fourth wave (4) of the higher level. Now the development of the fifth wave (5) has begun, within which the first wave 1 of (5) has formed, and the development of the local correction of the lower level 2 of (5) has ended. If the assumption is correct, the price will grow to the area of 182.78–195.00. The level of 164.12 is critical for this scenario.
Main scenario
Long positions will become relevant above the level of 164.12 with the targets at 182.78–195.00.
Alternative scenario
The breakdown and the consolidation of the price below the level of 164.12 will let the price go down to the level of 161.70.
On the 4-hour chart, the downward correction has formed as a fourth wave (4) of the higher level. Now the development of the fifth wave (5) has begun, within which the first wave 1 of (5) has formed, and the development of the local correction of the lower level 2 of (5) has ended. If the assumption is correct, the price will grow to the area of 182.78–195.00. The level of 164.12 is critical for this scenario.
Main scenario
Long positions will become relevant above the level of 164.12 with the targets at 182.78–195.00.
Alternative scenario
The breakdown and the consolidation of the price below the level of 164.12 will let the price go down to the level of 161.70.
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