Apple Inc.: wave analysis
27 May 2019, 09:06
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | SELL |
| Entry Point | 178.66 |
| Take Profit | 169.81 |
| Stop Loss | 191.85 |
| Key Levels | 169.81, 191.85, 215.22, 233.22 |
| Alternative scenario | |
|---|---|
| Recommendation | BUY STOP |
| Entry Point | 191.90 |
| Take Profit | 215.22, 233.22 |
| Stop Loss | 184.10 |
| Key Levels | 169.81, 191.85, 215.22, 233.22 |
The price is in correction, the fall is possible.
On the 4-hour chart, the fifth wave of the higher level (5) develops. Now, the first wave of the lower level 1 of (5) has formed, and a downward correction is developing as the wave 2 of (5), within which the wave b of 2 has formed, and the wave c of 2 is developing. If the assumption is correct, the price will fall to the level of 169.81. In this scenario, critical stop loss level is 191.85.
Main scenario
Short positions will become relevant during the correction, below the level of 191.85 with the target at 169.81. Implementation period: 5–7 days.
Alternative scenario
The breakout and the consolidation of the price above the level of 191.85 will let the price grow to the levels of 215.22–233.22.
On the 4-hour chart, the fifth wave of the higher level (5) develops. Now, the first wave of the lower level 1 of (5) has formed, and a downward correction is developing as the wave 2 of (5), within which the wave b of 2 has formed, and the wave c of 2 is developing. If the assumption is correct, the price will fall to the level of 169.81. In this scenario, critical stop loss level is 191.85.
Main scenario
Short positions will become relevant during the correction, below the level of 191.85 with the target at 169.81. Implementation period: 5–7 days.
Alternative scenario
The breakout and the consolidation of the price above the level of 191.85 will let the price grow to the levels of 215.22–233.22.
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