Apple Inc.: wave analysis
20 December 2018, 08:43
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 160.70 |
| Take Profit | 184.80, 194.82 |
| Stop Loss | 162.50 |
| Key Levels | 146.00, 162.50, 184.80, 194.82 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 162.40 |
| Take Profit | 146.00 |
| Stop Loss | 167.90 |
| Key Levels | 146.00, 162.50, 184.80, 194.82 |
The price may grow.
On the 4-hour chart, the downward correction formed as a wave (4), shaped as a zigzag with a lengthened wave C of 4. Now the fifth wave of the lower level v of C is ending. If the assumption is correct, the price will grow to the levels of 184.80–194.82. In this scenario, critical stop loss level is 162.50.
Main scenario
Long positions will become relevant during the correction, above the level of 162.50 with the targets at 184.80–194.82. Implementation period: 5–7 days.
Alternative scenario
The breakdown and the consolidation of the price below the level of 162.50 will let the price go down to the level of 146.00.
On the 4-hour chart, the downward correction formed as a wave (4), shaped as a zigzag with a lengthened wave C of 4. Now the fifth wave of the lower level v of C is ending. If the assumption is correct, the price will grow to the levels of 184.80–194.82. In this scenario, critical stop loss level is 162.50.
Main scenario
Long positions will become relevant during the correction, above the level of 162.50 with the targets at 184.80–194.82. Implementation period: 5–7 days.
Alternative scenario
The breakdown and the consolidation of the price below the level of 162.50 will let the price go down to the level of 146.00.
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