i can see a three wave up it is definitely an ABC correction or a new impulse wave. i counted apple right now as a corrective wave because it has reached its previous resistance.
i will enter in a short position at 213 because in that case two things will prove to me:
1 the trend line of diagonal triangle is broken
2 wave 4 have entered wave 1 territory (the wave i labeled as A) so it will invalidate the bullish case count.
i will update this trade. stay tuned
EP -> 213
TP -> 173
SL -> 229
i will enter in a short position at 213 because in that case two things will prove to me:
1 the trend line of diagonal triangle is broken
2 wave 4 have entered wave 1 territory (the wave i labeled as A) so it will invalidate the bullish case count.
i will update this trade. stay tuned
EP -> 213
TP -> 173
SL -> 229
Comment:
Bearish Divergence + Bearish count = great opportunity to short. dont miss this trade.
Comment:
apple broke out to new ATH but the rising wedge is still intact until wave 5 gets longer that wave 3. like this chart. when we surpassed the fib extension level 1 it is invalid.