Apple Inc.: wave analysis
22 July 2019, 09:42
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | SELL |
| Entry Point | 202.53 |
| Take Profit | 188.36, 184.00 |
| Stop Loss | 206.57 |
| Key Levels | 184.00, 188.36, 206.57, 233.22, 245.60 |
| Alternative scenario | |
|---|---|
| Recommendation | BUY STOP |
| Entry Point | 206.60 |
| Take Profit | 233.22, 245.60 |
| Stop Loss | 197.70 |
| Key Levels | 184.00, 188.36, 206.57, 233.22, 245.60 |
The price may fall.
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 development of the local correction ii of 3 has begun. If the assumption is correct, the price will fall to the levels of 188.36–184.00. In this scenario, critical stop loss level is 206.57.
Main scenario
Short positions will become relevant during the correction, below the level of 206.57 with the targets at 188.36–184.00. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price above the level of 206.57 will let the price grow to the levels of 233.22–245.60.
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 development of the local correction ii of 3 has begun. If the assumption is correct, the price will fall to the levels of 188.36–184.00. In this scenario, critical stop loss level is 206.57.
Main scenario
Short positions will become relevant during the correction, below the level of 206.57 with the targets at 188.36–184.00. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price above the level of 206.57 will let the price grow to the levels of 233.22–245.60.
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