Apple - Final target possibly 145/150 in July but now correction

215 3 3
Few questions regarding the correction:
- Why now? (Time)
- How low? (Price target)

*defining any of this would be helpful since the share price can test the lower channel at any point in time. Hence, a lack of price or time target would make this graph, less insightful.

YaKa Flubberpants
why now:
1 - it reached the upper channel
2 - 130 is an important level in fibo terms (161.8 % of the 2012 correction
3 - it climbed 6 weeks (same time frame than oct/nov14 rally.

How low: i dont know for sure.
if there is another leg up to 145/150, 120 will probably retain and the correction coudl be shallow.
it could also be a flat and long lasting correction that goes reach the line.

+1 Reply
Thanks for allowing to pick your brains - interesting to see that you use time frames in your charting (point 3).

I trade using ichimoku a fair bit and will be waiting for more confirmation before moving into a position.

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