Hello Trading community and my friends so here i brought another very simple analysis on the basis of price action analysis and trend included some key levels too in it for mine favorite one and it is Apple!!
So as we can see on this provided daily time frame chart that after making mentioned previous all time high nearby 198 levels all the way price came down to...
The Viz cheat sheet indicator reveals that if the Vix closes above the upper Bollinger band ($19.01) during the next 5 days that means the Apple stock price will increase by 4.11% to $174. Currently the Vix is around $18.
I've tested this indicator the Vix cheat sheet before with quite impressive results.
After the close of April 17, 2024, NASDAQ:AAPL is at the weekly low since March 2024 (the yellow horizontal line) and even since October 2023 (the white horizontal line).
There is one last weekly session which is April 18 to see if NASDAQ:AAPL can rebound from this long-term support.
IF it will close below this important support, the symmetrical pattern...
AAPL hit a new ATH recently, Dec. '23, slightly higher compared to July '23.
The ATH, 199.62, came in modestly higher compared to January 2022.
A four years long bearish divergence has been developing with the RSI, January again.
Apple's weekly RSI peaked January 2020, by now, the divergence is four years long.
Trading volume has been dropping since March...
AAPL trades on a pending bullish butterfly. Although this is by default a bullish pattern the failure of a bullish butterfly almost always leads to capitulation to the following fibs.
The local action we have on AAPL is not typically what we see in the low of a bullish reversal which makes me inclined to speculate on a sharp drop on the failure of the bull pattern.
After break out it reverted back to the breakout point.
Price is walking on thin ice ⛸️🧊and depending if the bottom channel is broken as support or bounces then might see a big move either up or down 📉📈🧭🐻🐂⏰
The markdown phase refers to a period in the stock market when prices of securities decline after a prolonged downtrend or consolidation. During this phase, sellers outnumber buyers, causing prices to decrease. Investors may sell off their holdings due to pessimism or loss of confidence in the market, leading to further downward pressure on prices. In the markdown...
Apple Inc X Right Price:
It will go as low as $169.43 , $168.70, $170.30, $171.83.
Then expecting the following prices:
$173.13
$174.61
$175.69
$177.74
$179.97
$181.26
$182.23
$182.44
Distribution price : $184.87
AAPL is neutral on its 1D technical outlook (RSI = 51.445, MACD = -1.220, ADX = 19.718) as it is getting sold emphatically today following Friday's rejection on the 1D MA50. That was the first time to hit the 1D MA50 in 2 months, so this rejection may be just short term profit taking. We can basically see two Channel Down patterns, very similar with each other. On...
POTENTIAL HARMONIC PATTERN 5-0
pls note there is an error in the measurment not exceeding 1% for B and C
B should be from 1.128 to 1.618
C should be from 1.618 to 2.240
Apple is still doing a 3-wave correction from Dec 2021. Last Thursday's 4+% gain showed 5 waves but I believe it is the C leg of an ABC correction from March, as shown in the daily chart. Such a strong move as day one from the bottom is typical for a "short squeeze" or a "bear market rally" because Apple has been down a lot already from the top. A true bottom...
I still believe AAPL goes significantly lower despite dead cat bounces. Current we are at cloud resistance and other overhead resistance, we tested the $168 support many times, next time it should break to the downside to test $162 and $154
Price creates symmetrical concentric waves of motion as it moves through time. Where price rises, it must also fall. This is the true with everything. You cannot dig a hole without simultaneously building a hill.
I would like to share my I deas with community,this is my investment plan for this stock matket however first prediction fails to this strong support I believe you can do something out of this I dew n don't trade big.
