Apple Inc.: wave analysis
17 June 2019, 09:23
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 192.86 |
| Take Profit | 215.22, 233.22 |
| Stop Loss | 170.85 |
| 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 | 179.85 |
| Key Levels | 140.92, 170.15, 215.22, 233.22 |
The price may grow.
On the 4-hour chart, the fifth wave of the higher level (5) develops. Now, a downward correction developed as the wave 2 of (5) as a zigzag, and the formation of the wave 3 of (5) has begun, within which the first wave of the lower level i of 3 has formed. If the assumption is correct, after the end of the correction ii of 3 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, a downward correction developed as the wave 2 of (5) as a zigzag, and the formation of the wave 3 of (5) has begun, within which the first wave of the lower level i of 3 has formed. If the assumption is correct, after the end of the correction ii of 3 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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