Apple Inc.: wave analysis
04 January 2018, 08:50
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 171.94 |
| Take Profit | 185.00, 190.00 |
| Stop Loss | 167.70 |
| Key Levels | 149.00, 164.40, 185.00, 190.00 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 164.30 |
| Take Profit | 149.00 |
| Stop Loss | 169.40 |
| Key Levels | 149.00, 164.40, 185.00, 190.00 |
The correction is ending, the growth of the pair is expected.
On the 4-hour chart the fifth wave 5 of the higher level is forming. At the moment the formation of the local correction as a wave iv of 5 is ending. If the assumption is correct, the price will grow to the levels of 185.00–190.00 after the end of the correction. The level of 166.40 is critical for this scenario.
Main scenario
Long positions will become relevant after the end of the correction above the level of 164.40 with the targets at 185.00–190.00.
Alternative scenario
The breakdown and the consolidation of the price below the level of 164.40 will let the price go down to the level of 149.00.
On the 4-hour chart the fifth wave 5 of the higher level is forming. At the moment the formation of the local correction as a wave iv of 5 is ending. If the assumption is correct, the price will grow to the levels of 185.00–190.00 after the end of the correction. The level of 166.40 is critical for this scenario.
Main scenario
Long positions will become relevant after the end of the correction above the level of 164.40 with the targets at 185.00–190.00.
Alternative scenario
The breakdown and the consolidation of the price below the level of 164.40 will let the price go down to the level of 149.00.
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