Wave 5 Completed, now prep for big intermediate correction down
It seems APPLE has now completed the Wave 5 Intermediate period Impulse wave and has now started what seems to be a big move downwards in a Bearish trend in a correction/consolidation move.
TECHNICALS:
Price action has completed Wave 5 Inpulse Elliott wave count and has now seemed to start the ABC correction/consolidation move downwards which should last well into the end of 2018 if current projection stays on course. The Mustard and Ketchup EMAs will likely cross either on the Next Market Open or the following day, should the market continue to SHORT or Stock holder Sell off. Price action patterns show defined structure and 2x likely SHORT entries, one being already completed and the other should be on market open with a Daily candle either Gapped below or just below previous market close due to APPLE-CEO Tim Cook announcement (see fundamentals notes below).
'TDI' shows 'RSI' line has just completed small sharkfin and on downward direction just below the oversold zone and towards the center 'TDI' band which would confirm the next consolidation move. Support and resistance areas are marked and I suspect will be penetrated.
FUNDAMENTALS:
APPLE-CEO Tim Cook has announced he will donate $2 Million dollars to FAR LEFT groups (Far Left = Socialists/Communists/Fascists/Nazis) after the Charlottsville Virginia clash last weekend. The donation of $1 Million will go to the SPLC (Directly linked to far left groups, George Soros and other hate groups) and another $1 Million will go to 'ADL' (linked to far leftists, various hate groups and engaged in a lobbying campaign for net censorship as well as the removal of the 1st Ammendment), thus mixing business with Politics (an absolute no-no) which has already shown a negative market sentiment reaction, as stockholders of APPLE are from all sides, mostly opposite to the far leftist ideologies & regimes. APPLE is sure to suffer the consequences of this, in my opinion, dumb move, especially because a 'CEO' of such a company should never engage in public virtue signalling, especially when APPLE engages in business in other countries that are homophobic and abuse human rights.
Note: The devil is in the detail... What the intelligent stock holder informs themselves.
Detail (reality check) sources here:
a) www.audible.com...0082766-2630026?qid=150302...
b) twitter.com/DineshDSouza?ref_src=tw...
Fundamental notes/sources here:
a) newswars.com/apple-c...s-to-far-left-groups
b) CNBC: tinyurl.com/y7qj28op
c) USATODAY: tinyurl.com/yau4mrc6
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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out.
.....::::: If you like this chart, please click on the THUMBS UP ! :::::.....
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TECHNICALS:
Price action has completed Wave 5 Inpulse Elliott wave count and has now seemed to start the ABC correction/consolidation move downwards which should last well into the end of 2018 if current projection stays on course. The Mustard and Ketchup EMAs will likely cross either on the Next Market Open or the following day, should the market continue to SHORT or Stock holder Sell off. Price action patterns show defined structure and 2x likely SHORT entries, one being already completed and the other should be on market open with a Daily candle either Gapped below or just below previous market close due to APPLE-CEO Tim Cook announcement (see fundamentals notes below).
'TDI' shows 'RSI' line has just completed small sharkfin and on downward direction just below the oversold zone and towards the center 'TDI' band which would confirm the next consolidation move. Support and resistance areas are marked and I suspect will be penetrated.
FUNDAMENTALS:
APPLE-CEO Tim Cook has announced he will donate $2 Million dollars to FAR LEFT groups (Far Left = Socialists/Communists/Fascists/Nazis) after the Charlottsville Virginia clash last weekend. The donation of $1 Million will go to the SPLC (Directly linked to far left groups, George Soros and other hate groups) and another $1 Million will go to 'ADL' (linked to far leftists, various hate groups and engaged in a lobbying campaign for net censorship as well as the removal of the 1st Ammendment), thus mixing business with Politics (an absolute no-no) which has already shown a negative market sentiment reaction, as stockholders of APPLE are from all sides, mostly opposite to the far leftist ideologies & regimes. APPLE is sure to suffer the consequences of this, in my opinion, dumb move, especially because a 'CEO' of such a company should never engage in public virtue signalling, especially when APPLE engages in business in other countries that are homophobic and abuse human rights.
Note: The devil is in the detail... What the intelligent stock holder informs themselves.
Detail (reality check) sources here:
a) www.audible.com...0082766-2630026?qid=150302...
b) twitter.com/DineshDSouza?ref_src=tw...
Fundamental notes/sources here:
a) newswars.com/apple-c...s-to-far-left-groups
b) CNBC: tinyurl.com/y7qj28op
c) USATODAY: tinyurl.com/yau4mrc6
----------------------------------------------------------------------------------------------------------------------------------------------------------
DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out.
.....::::: If you like this chart, please click on the THUMBS UP ! :::::.....
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