farid_ardavani
Short

Apple is going to correction phase (?)

NASDAQ:AAPL   APPLE INC
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

snapshot
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.
snapshot
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.
snapshot
Comment: this 5th wave of C wave of flat is acting like an ending diagonal. still waiting for long.
snapshot
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out