AAPL Weekly Update
Overview: on the update of Feb. 18th, I had the idea that AAPL was very close to the completion of wave 1 and had ~160 as a potential target. I also warned about the breakdown through the hourly ascending channel.
Update: the structure of waves on AAPL are very strange to be honest. I think we have peaked for wave 1 and for wave 2, I am going to consider 2 scenarios. One scenario (red path) is that we have already bottomed for wave 2 (note that the 0.414 retracement of wave 1 was 143.63 and the bottom for wave 2 was 143.54, nice reaction!) and wave 3 has started. This wave 3 would be a multi-month rally that will take AAPL to ~200.
The second scenario (green path) is that we are still in wave 2 developing as a flat. If that is the case, we go a little higher at this point to peak for wave (II) of c of 2, then we go lower to complete wave c of 2.After that, we launch higher as wave 3. This scenario will generate a target of ~180 for wave 3.
If you study a bit deeper, you see that these 2 scenarios have the exact same structure up to this point, which make them equally valid. We will know very soon which scenario is playing out.
Update: the structure of waves on AAPL are very strange to be honest. I think we have peaked for wave 1 and for wave 2, I am going to consider 2 scenarios. One scenario (red path) is that we have already bottomed for wave 2 (note that the 0.414 retracement of wave 1 was 143.63 and the bottom for wave 2 was 143.54, nice reaction!) and wave 3 has started. This wave 3 would be a multi-month rally that will take AAPL to ~200.
The second scenario (green path) is that we are still in wave 2 developing as a flat. If that is the case, we go a little higher at this point to peak for wave (II) of c of 2, then we go lower to complete wave c of 2.After that, we launch higher as wave 3. This scenario will generate a target of ~180 for wave 3.
If you study a bit deeper, you see that these 2 scenarios have the exact same structure up to this point, which make them equally valid. We will know very soon which scenario is playing out.
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.