Apple Inc.: wave analysis
08 July 2019, 09:30
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 204.25 |
| Take Profit | 215.22, 254.60 |
| Stop Loss | 195.56 |
| Key Levels | 183.34, 187.48, 195.56, 215.22, 254.60 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 195.50 |
| Take Profit | 187.48, 183.34 |
| Stop Loss | 198.20 |
| Key Levels | 183.34, 187.48, 195.56, 215.22, 254.60 |
The trend is upward.
On the 4-hour chart, the fifth wave of the higher level (5) develops, within which the formation of the wave 3 of (5) began. Now, the first wave of the lower level i of 3 and the local correction ii of 3 have formed. If the assumption is correct, the price will grow to the levels of 215.22–254.60. In this scenario, critical stop loss level is 195.56.
Main scenario
Long positions will become relevant during the correction, above the level of 195.56 with the targets at 215.22–254.60. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price below the level of 195.56 will let the price go down to the levels of 187.48–183.34.
On the 4-hour chart, the fifth wave of the higher level (5) develops, within which the formation of the wave 3 of (5) began. Now, the first wave of the lower level i of 3 and the local correction ii of 3 have formed. If the assumption is correct, the price will grow to the levels of 215.22–254.60. In this scenario, critical stop loss level is 195.56.
Main scenario
Long positions will become relevant during the correction, above the level of 195.56 with the targets at 215.22–254.60. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price below the level of 195.56 will let the price go down to the levels of 187.48–183.34.
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