There is a clear channel which the price has been loyal to it for a long time. after getting CONFIRMATIONS we can enter right now and if the price can't hold itself and go up, after a bounce back from the bottom of the channel we can ride it all the way up!
Apple has topped out right at the Gann level of 157 USD. This level is a 315 degree rotation on the square of 9, measured from the low of March 8. It is 7 times the 45-degree rotation, and 7 is usually associated with the completion of a cycle.
As the Elliott count showed a completion of 5 waves up, this gave us confidence for a short trading idea.
We may look...
Watching $140-144 for a solid bounce to complete the wave 4 pullback. Great swing play contender if the conditions are met. Please do note we lost minor support trend line last week, just to keep on watch. Must wait for bounce confirmation before entering because of the weakness shown last week.
✅APPLE is trading in a big rising wedge
And the pice recently hit the resistance
Then the stock formed a bear wedge
And the price is retesting the wedges support
The whole setup, combined with the
Frustrating new Iphone release
And the broader mkt looking down
Might lead to a breakout
And a correction with the...
Stochastic and volume averages indicate that the price could continue to drop past the next support of $145.30. This would mean an almost complete breakout of the current ascending channel and not just a fluctuation. If the current price decrease trend continues through the next support at $144, the price could drop to $140 - though, not likely. We should see...
Apple, Facebook, Google, S&P 500, and Nasdaq lost their support!
They all crossing below 50 EMA which used to be important support levels.
what are the signs of reversal?
Is more correction possible or not?
In this video I break down my thoughts on the stock market as well as share with you guys my watchlist for this week. If you like this video, please make sure you like and subscribe, I really do appreciate it. Also please note that this is not financial advice. Good Luck!
Again, I would like to liquidate my old debts considering stocks analysis. At the time, there was relatively little interest in mentioning your favorite stocks, it was quite impossible to make a solid "top" of that. I solved it that way, I put in this idea some stocks you mentioned here that were at least worth analyzing and some of the choices that I am...
Welcome to this analysis about AAPL and the 2-day timeframe perspectives. The stock market is moving into more and more overbought conditions seen in the major indices like the S&P 500 or the DOW JONES INDUSTRIAL as the printing press is still moving exponentially since last years corona pandemic shocked the world's economy, now given this we can measure...
Pattern: Channel Up on 1D.
Signal: Sell towards the 1D MA200 (orange trend-line) and reverse to a buy either upon contact (buy signal last time) or when the CCI hits its Buy Zone (confirmed 3 times since November 2020).
Target: the 0.618 Fibonacci level.
** Please support this idea with your likes and comments, it is the best way to keep it relevant and...
APPLE is trading in a big wedge
And now a local correction is taking place
I am bullish on the stock
So I think that once we see a retest of the support
The price will start going up
With the target being the resistance of the wedge
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Short-term Elliott wave view in Apple (AAPL) suggests rally from March 5, 2021 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from March 5 low, wave ((1)) ended at 137.07 and pullback in wave ((2)) ended at 122.25. The stock then resumes higher in wave ((3)) towards 157.27. Pullback in wave ((4)) is currently in progress as a zigzag Elliott Wave...