Apple Inc.: wave analysis
24 June 2019, 09:56
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 198.67 |
| Take Profit | 215.22, 233.22 |
| Stop Loss | 190.03 |
| Key Levels | 170.01, 181.52, 190.03, 215.22, 233.22 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 190.00 |
| Take Profit | 181.52, 170.01 |
| Stop Loss | 192.85 |
| Key Levels | 170.01, 181.52, 190.03, 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 has developed as the wave 2 of (5) formed as a zigzag, and the formation of the wave 3 of (5) has begun, within which the third wave of the lower level iii of 3 is forming. 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 190.03.
Main scenario
Long positions will become relevant during the correction, above the level of 190.03 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 190.03 will let the price go down to the levels of 181.52–170.01.
On the 4-hour chart, the fifth wave of the higher level (5) develops. Now, a downward correction has developed as the wave 2 of (5) formed as a zigzag, and the formation of the wave 3 of (5) has begun, within which the third wave of the lower level iii of 3 is forming. 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 190.03.
Main scenario
Long positions will become relevant during the correction, above the level of 190.03 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 190.03 will let the price go down to the levels of 181.52–170.01.
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