The current slide in share prices are particularly felt by the high-flyers of the past weeks, including the papers from 
Apple.
The recent sell-off, however, is still a clean correction. Following the primary expectation, the market has reached the target box for the current pullback. As long as the bulls hold above $105, we see the bulls stepping back in very soon, taking Appel to new all-time highs.
Under $128.78, the alternative scenario must be considered. We give this scenario a 30% probability, which would pave the way towards $95.
To summarize, both scenarios are pointing to new all-time highs in the medium-term perspective.
Feel free to discuss! Cheerio 🥃...and happy trading!
Apple.The recent sell-off, however, is still a clean correction. Following the primary expectation, the market has reached the target box for the current pullback. As long as the bulls hold above $105, we see the bulls stepping back in very soon, taking Appel to new all-time highs.
Under $128.78, the alternative scenario must be considered. We give this scenario a 30% probability, which would pave the way towards $95.
To summarize, both scenarios are pointing to new all-time highs in the medium-term perspective.
Feel free to discuss! Cheerio 🥃...and happy trading!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📊 Free daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.