Apple Inc.: wave analysis
06 December 2018, 08:31
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 176.77 |
| Take Profit | 195.01, 210.50 |
| Stop Loss | 170.00 |
| Key Levels | 146.00, 162.50, 170.00, 195.01, 210.50 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 169.90 |
| Take Profit | 162.50, 146.00 |
| Stop Loss | 172.40 |
| Key Levels | 146.00, 162.50, 170.00, 195.01, 210.50 |
The price may grow.
On the 4-hour chart, a downward correction formed as a wave (4), shaped as a zigzag. Now the development of the fifth wave (5) is beginning. If the assumption is correct, the price will grow to the levels of 195.01–210.50. In this scenario, critical stop loss level is 170.00.
Main scenario
Long positions will become relevant during the correction, above the level of 170.00 with the targets at 195.01–210.50. Implementation period: 7 days and more.
Alternative scenario
The breakdown and the consolidation of the price below the level of 170.00 will let the price go down to the levels of 162.50–146.00.
On the 4-hour chart, a downward correction formed as a wave (4), shaped as a zigzag. Now the development of the fifth wave (5) is beginning. If the assumption is correct, the price will grow to the levels of 195.01–210.50. In this scenario, critical stop loss level is 170.00.
Main scenario
Long positions will become relevant during the correction, above the level of 170.00 with the targets at 195.01–210.50. Implementation period: 7 days and more.
Alternative scenario
The breakdown and the consolidation of the price below the level of 170.00 will let the price go down to the levels of 162.50–146.00.
No comments:
Write comments