AAPL-Absurd momentum

BATS:AAPL   Apple Inc
440 6 1
That what is happening if ridiculous momentum is applied:) It is back at step 1- inside the macro downtrend channel . Some would see a bullish pattern (cup&handle), H&S , etc- I see a poor bearish Gartley . Now touched the first support @ Fibo 38. If the Gartley pattern is not faillinig -ugly targets undeer 400.
I am to weak in the harmonic pattern theory. Can you tell me why this Gartley indicates a fall to the low of the left wing? I would also have expected a Fibonacci retracement at almost 68 %.
sublimares2 motleifaul
In any neo or just simple harmonic patterns, when the last point of the pattern is formed, it would be expected a change in trade direction (bullish /bearish after the case). For a trained eye, the pattern helps to be trade as is forming- just like an Elliot wave. Some patterns also have a close relation to Elliott wave theory.This one is a bearish pattern- it means: after the D leg is formed I would expect the point B to be retested (as in fact- happened). If the pattern is valid than the first target would be at the level of leg A. In the picture I draw a bullish Gartely and also a dragon bullish pattern. If the dragon pattern is valid- after retesting the hump at point B then the bearish gartley would fail and I am going for dragon pattern that gives high targets. I also draw the H&S that gives the same target (target 2)as the bearish Gartley. Kind of odd. Just keep an eye on the reversal pattern and if the major H&S is to fail than there is the bullish dragon pattern targets. I think there is a chart with it posted by me.
motleifaul sublimares2
Thank you for this explanation!
I'd be a buyer at around .50 fib retracement
sublimares2 QuantitativeExhaustion
It is somehow a safe entry @ Fibo .50. I am waiting to see how is unfolding. As long as entries and exits are calculated - it is safe.
Yes, but let me wait for the retracement that would try to close the gap. Enough profit will remain.
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
AR العربية
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