Navdeep_Singh
Short

Possible Monthly Correction - AAPL

NASDAQ:AAPL   Apple Inc.
It seems AAPL             has completed a 5-wave             bullish pattern on the monthly chart. At present, we are at a critical Fib. level with stock overbought. Therefore, it won't be wise to neglect the possibility of at least a short term reversal. Long term investors must keep this in consideration. Will soon be updating a fundamental evaluation of the stock as well.
Trade closed: target reached:
snapshot
Here are the three way that I believe the wave structure can develop. In my opinion, the structure indicated in green is the most likely scenario, but other scenarios are also possible. Now is a good time to close all short positions and start looking for a long entry.
Nice forecast. It seems to be working so far. Good Call :)
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Thanks ForexGuru :). I believe if the stocks fails to pickup during the new product releases, it might enter a long term consolidation phase.
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ForexGuru Navdeep_Singh
You called it mate. I did not take this trade but. I wish I had taken it. Great work! Please keep posting more ideas. I really love your analysis.
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