Apple Inc.: wave analysis
06 September 2018, 09:49
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 226.74 |
| Take Profit | 238.00, 245.00 |
| Stop Loss | 215.75 |
| Key Levels | 199.16, 205.00, 213.69, 238.00, 245.00 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 213.60 |
| Take Profit | 205.00, 199.16 |
| Stop Loss | 216.50 |
| Key Levels | 199.16, 205.00, 213.69, 238.00, 245.00 |
The trend is upward.
On the 4-hour chart, the fifth wave (5) of the higher level develops. Now the third wave of the lower level 3 of (5) is forming, within which the wave iii of 5 is ending. If the assumption is correct, after the end of the correction iv of 5 the price will grow to the area of 238.00–245.00. In this scenario, critical stop loss level is 213.69.
Main scenario
Long positions will become relevant during the correction, above the level of 213.69 with the targets at 238.00–245.00. Implementation period: 7 days and more.
Alternative scenario
The breakdown and the consolidation of the price below the level of 213.69 will let the price go down to the levels of 205.00–199.16.
On the 4-hour chart, the fifth wave (5) of the higher level develops. Now the third wave of the lower level 3 of (5) is forming, within which the wave iii of 5 is ending. If the assumption is correct, after the end of the correction iv of 5 the price will grow to the area of 238.00–245.00. In this scenario, critical stop loss level is 213.69.
Main scenario
Long positions will become relevant during the correction, above the level of 213.69 with the targets at 238.00–245.00. Implementation period: 7 days and more.
Alternative scenario
The breakdown and the consolidation of the price below the level of 213.69 will let the price go down to the levels of 205.00–199.16.
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