We can see come support happening at 124.14 and certainly at 119.15; but let me be very clear, this will not necessarily indicate our bottom. As indicated on my previous long-term chart, we still have room to tumble down to the low 100’s, 103 or similar. This is where we can likely expect strong support followed by upward thrust.
We are entering bear mode, and one must be extra cautious going long during these times. Similarly, one must be cautious going too bear as squeezing is a favorite in the big money crowd as most of you know.
Hope this is helpful to all that requested. Cheers.
So as we see Apple retest around 119$
Do you think the Apple will test 119$ or lower in short term? I mean are we gonna see any 118-121$ in this week? What’s your opinion?
Thank you
FibonacciDiPisa
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@e4inm5ipdx, i think we will bottom out at 115 in mid march, thanks
NewtonsTrades
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did you see the 61.8% retracement today from the september lows.
FibonacciDiPisa
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@NewtonsTrades, yup, still think we have more room to go down, but we did hit that massive long term trend line
e4inm5ipdx
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I believe Apple will pull back at around 119$
If i’m not wrong around119$ is final correction price for Apple. We’ll see
What do you think it?
FibonacciDiPisa
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@e4inm5ipdx, yes Short term I agree but later in the year it might get rough
e4inm5ipdx
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@FibonacciDiPisa, So as we see Apple retest around 119$
Do you think the Apple will test 119$ or lower in short term? I mean are we gonna see any 118-121$ in this week? What’s your opinion?
Thank you