Apple Inc.: wave analysis
18 February 2019, 08:41
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 170.34 |
| Take Profit | 184.80, 194.30 |
| Stop Loss | 156.35 |
| Key Levels | 130.00, 151.18, 184.80, 194.30 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 151.10 |
| Take Profit | 130.00 |
| Stop Loss | 158.15 |
| Key Levels | 130.00, 151.18, 184.80, 194.30 |
The price may grow.
On the 4-hour chart, a downward correction formed as the wave (4), shapes as a zigzag with a lengthened wave C of (4). Now the formation of the fifth wave (5) has begun, within which the first wave of the lower level i of 1 of (5) is developing as a momentum. If the assumption is correct, the price will grow to the levels of 184.80–194.30. In this scenario, critical stop loss level is 151.18.
Main scenario
Long positions will become relevant during the correction, above the level of 151.18 with the targets at 184.80–194.30. Implementation period: 7 days and more.
Alternative scenario
The breakdown and the consolidation of the price below the level of 151.18 will let the price go down to the level of 130.00.
On the 4-hour chart, a downward correction formed as the wave (4), shapes as a zigzag with a lengthened wave C of (4). Now the formation of the fifth wave (5) has begun, within which the first wave of the lower level i of 1 of (5) is developing as a momentum. If the assumption is correct, the price will grow to the levels of 184.80–194.30. In this scenario, critical stop loss level is 151.18.
Main scenario
Long positions will become relevant during the correction, above the level of 151.18 with the targets at 184.80–194.30. Implementation period: 7 days and more.
Alternative scenario
The breakdown and the consolidation of the price below the level of 151.18 will let the price go down to the level of 130.00.
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