APPLE INC.: WAVE ANALYSIS
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 186.38 |
| Take Profit | 198.15, 210.00 |
| Stop Loss | 182.48 |
| Key Levels | 152.29, 160.85, 165.35, 198.15, 210.00 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 165.30 |
| Take Profit | 160.85, 152.29 |
| Stop Loss | 166.80 |
| Key Levels | 152.29, 160.85, 165.35, 198.15, 210.00 |
The price may grow.
On the daily chart, the third wave of the higher level (3) formed, a downward correction ended as the fourth wave (4), and the fifth wave (5) develops. Now, the entry first wave of the lower level 1 of (5) has ended, a local correction has formed as the second wave 2 of (5), and the development of the third wave 3 of (5) has started, within which the wave i of 3 is forming. If the assumption is correct, the asset will grow to the area of 198.15–210.00. In this scenario, critical stop loss level is 165.35.
Main scenario
Long positions will become relevant above the level of 165.35 with the targets at 198.15–210.00. Implementation period: 7 days and more.
Alternative scenario
A breakout and the consolidation of the price below the level of 165.35 will let the asset go down to the area of 160.85–152.29.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.