Apple Inc.: wave analysis
15 July 2019, 09:23
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 203.30 |
| Take Profit | 215.22, 233.22 |
| Stop Loss | 199.30 |
| Key Levels | 160.00, 170.00, 183.31, 215.22, 233.22 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 183.25 |
| Take Profit | 170.00, 160.00 |
| Stop Loss | 187.70 |
| Key Levels | 160.00, 170.00, 183.31, 215.22, 233.22 |
The price may grow.
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 has formed, and the local correction ii of 3 is developing. If the assumption is correct, after the end of the correction, the price will grow to the levels of 215.22–233.22. In this scenario, critical stop loss level is 183.31.
Main scenario
Long positions will become relevant during the correction, above the level of 183.31 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 183.31 will let the price go down to the levels of 170.00–160.00.
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 has formed, and the local correction ii of 3 is developing. If the assumption is correct, after the end of the correction, the price will grow to the levels of 215.22–233.22. In this scenario, critical stop loss level is 183.31.
Main scenario
Long positions will become relevant during the correction, above the level of 183.31 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 183.31 will let the price go down to the levels of 170.00–160.00.
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