Apple Inc.: wave analysis
01 July 2019, 09:18
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | SELL |
| Entry Point | 197.94 |
| Take Profit | 185.72, 181.94 |
| Stop Loss | 201.29 |
| Key Levels | 181.94, 185.72, 201.29, 215.22, 254.60 |
| Alternative scenario | |
|---|---|
| Recommendation | BUY STOP |
| Entry Point | 201.35 |
| Take Profit | 215.22, 254.60 |
| Stop Loss | 196.70 |
| Key Levels | 181.94, 185.72, 201.29, 215.22, 254.60 |
The price may fall.
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) shaped 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, the price will fall to the levels of 185.72–181.94. In this scenario, critical stop loss level is 201.29.
Main scenario
Short positions will become relevant during the correction, below the level of 201.29 with the targets at 185.72–181.94. Implementation period: 5–7 days.
Alternative scenario
The breakout and the consolidation of the price above the level of 201.29 will let the price grow to the levels of 215.22–254.60.
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) shaped 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, the price will fall to the levels of 185.72–181.94. In this scenario, critical stop loss level is 201.29.
Main scenario
Short positions will become relevant during the correction, below the level of 201.29 with the targets at 185.72–181.94. Implementation period: 5–7 days.
Alternative scenario
The breakout and the consolidation of the price above the level of 201.29 will let the price grow to the levels of 215.22–254.60.
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