Apple is going to correction phase (?)

88 0 3
it seems that 5-waves impulsive phase is about to over and need some kind of correction.
break of horizontal line ( or break of 2-4 trend line ) is a trigger for short setup.
but its a corrective phase and is riskier than other setups, so if you are not a risk taker, or if you don't have a clear strategy for trading corrections, don't take the trade.
note the divergence.
Comment: the trade i was looking for had never triggered and price continued its up trend.
so i as this structure develops, i change my counting and 2-4 trend line

Comment: it seems that wave 3 has ended and price is going for wave 4. there is no trade setup because of the R/R and corrective phase. i will wait for end of correction to join the wave 5 impulsive move.
Comment: it seems that wave 4 is complete. 38.2 fib is the first target for wave 5. if it has potential for more upside i will move my TP upper.
Comment: this 5th wave of C wave of flat is acting like an ending diagonal. still waiting for long.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out