Here I'm taking a look at Apple stocks once again.
As you can see from my previous idea I highlighted a zone using fibonacci relations for the price reversal.
Now I has bounced off of that area.
We're currently sitting in the A leg of an ABC correction move. If you're a short term trader you can look for shorting opportunities at this time. But I personally would rather sit aside and watch its completion. Then I'll get a chance to hop on the major .
Now I've marked the 38.2 retracement of the whole up move which is a probable spot for the ABC move to terminate and start a new rally. You might seek more confirmation using price action at the time we get there.
Please comment your ideas and questions below this idea.
And don't forget, take these ideas as they are, not as trading signals.
No matter how true they seem to turn out each time.
Have profitable week.