Apple Inc.: wave analysis
10 June 2019, 09:26
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 190.15 |
| Take Profit | 215.22, 233.22 |
| Stop Loss | 170.15 |
| Key Levels | 140.92, 170.15, 215.22, 233.22 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 170.10 |
| Take Profit | 140.92 |
| Stop Loss | 179.90 |
| Key Levels | 140.92, 170.15, 215.22, 233.22 |
The correction ended, the growth of the price is resuming.
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, a downward correction developed as the wave 2 of (5) as a zigzag, and the formation of the wave 3 of (5) is beginning. If the assumption is correct, the price will grow to the levels of 215.22–233.22. In this scenario, critical stop loss level is 170.15.
Main scenario
Long positions will become relevant during the correction, above the level of 170.15 with the targets at 215.22–233.22. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price below the level of 170.15 will let the price go down to the level of 140.92.
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, a downward correction developed as the wave 2 of (5) as a zigzag, and the formation of the wave 3 of (5) is beginning. If the assumption is correct, the price will grow to the levels of 215.22–233.22. In this scenario, critical stop loss level is 170.15.
Main scenario
Long positions will become relevant during the correction, above the level of 170.15 with the targets at 215.22–233.22. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price below the level of 170.15 will let the price go down to the level of 140.92.
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