Trading_an_Edge
Short

Elliott waves structure on APPLE

NASDAQ:AAPL   Apple Inc
I suspect the 5th wave to not continue the uptrend because of this huge wave 3,

If this scenario is correct, we have a nice double-top with a divergence on the Money flow index,

Target @ next big support around 60$

Risk: 2%
Reward: 52.96%
R/R ratio: 26.48
So AAPL is going to become worth less than its cash on hand on the c leg? Breaking the upper channel boundary is much more realistic
Reply
I don't know (nobody knows I believe), I focus first on the "a" wave an we'll see later :-)
For the realistic and fundamental thing, I just pay attention to technical stuff with a strict money management,
nothing less, nothing more.
All I can say for sure is that everything is possible on the Markets ;)

Happy Trading!
Reply
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