Apple is starting wave C of an expanded Flat.
It’s wave 4 of wave 3 of a much bigger leading diagonal wave 5.
I know sounds confusing.
Busy stay with me here.
The whole market is currently in a leading diagonal Last wave of 12345
That means after this c wave we will continue to go up for few weeks or months but then Crush.
Apple is cruising towards that red line. Short term price target of $178.
If the price doesn't bounce off the red support, expect it to continue to fall, potentially to the trend support line, forming a double bottom.
There is a triple top structure at the moment, the prices are hanging at the reference point of 25.208, IF the price goes below that reference level prices will decrease like a waterfall!!! I will be watching for 500 SMA and 23.344 level. At the moment worth to take a risk and open long however we should swap the positions like a snake right after the break even!
Looks like Triple Threes that is triple Zigzags
Looks like aapl is developing now the last zigzag and hopefully the last but who knows.
I would not be surprised at that point if we would start to see some Green Days ahead.
And then: ‘A contest! Fun for all! '
Let William shoot his famous bow
At distance great and target small
And by so doing he can show
He need not bow nor ever fall
Upon his face before us all
At last a target did unveil
An apple at one hundred yards
Sir William's face grew ghastly pale
He ne'er suspected such dark cards
The apple sat on Walter Tell
The humble son...
This stock is featuring for the first time on our TradingView blogs.
Current setup: Price is looking weak and trading below both the daily 50 & 200 simple moving averages.
Conclusion: It is too early to look for shorting opportunities just yet but if price remains below the daily 200 simple moving averages then short trade setups may start to appear.
Sudden drop from the all time high recovered very fast, this shows the strong support around 150$ range. Now the recovery wants to retest its lower support ranges around 175 ranges, if the retest around this level succeeds another all time high will be recorded around 235 - 250 dollars on this year end or first month of next year.
AAPL just touched its support at 200 with doji candlestick. There is a probability the stock would rebound and reach 217 area. Unfortunately the broad market is currently not in a good condition. So if the market goes down, probably AAPL would break down through its support and reach 180 area.
The market was rescued this morning following "There's still hope!" tweet from our President.
Looking at the 15 min timeframe, you can see the stock gained some bullish movement but it's still quite bearish.
Note the price is below both the green and red lines.
$195 target for 5/10.
AAPL - Apple
This is actually an old chart I drew for a friend (who longs AAPL), suggesting he sell when the price broke the trend line.
Here we can see the price was squeezed right up to that same trend line (now resistance) on May 3rd's epic short squeeze and the price is now in retreat.
Looks quite oversold here. QCOM is another good Apple proxy short currently.
Transfer of Listing.
On May 2, 2019, the Nasdaq Hearings Panel determined that Reebonz Holding Limited (“Reebonz” or the “Company”) evidenced full compliance with all applicable requirements for initial listing on The Nasdaq Global Market. As a result, the Company’s ordinary shares, which are...
Take a bite out of these profits generated with Megalodon Trading. Don't miss any of the action,and start earning today!
The Megalodon Indicator uses an artificial intelligence, combined with over 500 different buy setups, as well as over 2000 different indicators to produce stunningly accurate buy and sell signals. Join Megalodon Trading today and get your...