Apple Inc.: wave analysis
09 August 2018, 09:51
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 207.24 |
| Take Profit | 215.00, 220.00 |
| Stop Loss | 199.00 |
| Key Levels | 188.80, 199.00, 215.00, 220.00 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 198.90 |
| Take Profit | 188.80 |
| Stop Loss | 202.26 |
| Key Levels | 188.80, 199.00, 215.00, 220.00 |
The trend is upward.
On the 4-hour chart, the fifth wave (5) of the higher level develops. Now the fifth wave of the lower level 5 of (5) is forming, within which the third wave iii of 5 has formed, and the local correction iv of 5 is developing. If the assumption is correct, after the end of the correction the price will grow to the area of 215.00–220.00. The level of 199.00 is critical and stop loss for this scenario.
Main scenario
Long positions will become relevant during the correction, above the level of 199.00 with the targets at 215.00–220.00. Implementation period: 5–7 days.
Alternative scenario
The breakdown and the consolidation of the price below the level of 199.00 will let the price go down to the level of 188.80.
On the 4-hour chart, the fifth wave (5) of the higher level develops. Now the fifth wave of the lower level 5 of (5) is forming, within which the third wave iii of 5 has formed, and the local correction iv of 5 is developing. If the assumption is correct, after the end of the correction the price will grow to the area of 215.00–220.00. The level of 199.00 is critical and stop loss for this scenario.
Main scenario
Long positions will become relevant during the correction, above the level of 199.00 with the targets at 215.00–220.00. Implementation period: 5–7 days.
Alternative scenario
The breakdown and the consolidation of the price below the level of 199.00 will let the price go down to the level of 188.80.
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