AAPL ready to fill it's gap
Updated
AAPL may be ready to drop into an expended wave 3 or 5, depending on what happens with the markets tomorrow. As far as I can tell, either wave 4 or wave 2 of 3 (of 3) was finished this morning - I've market the latter. Regardless of Elliot Wave Theory or Fibonacci, if they enter the gap under 140 and fail to recover, a major price support will have been broken. Recently I thought maybe AAPL would rally higher to 170 but now I'm having my doubts as the ratio charts I was watching have all broken down. I covered the ratio charts of AAPL in this post.
Either way, I believe it's time for AAPL to drop quite hard and outperform to the downside all other indexes into Christmas.
I know many will scoff at this idea, and I'll be happy to update if it gets invalidated. I am short aapl as of today. Good luck!
Either way, I believe it's time for AAPL to drop quite hard and outperform to the downside all other indexes into Christmas.
I know many will scoff at this idea, and I'll be happy to update if it gets invalidated. I am short aapl as of today. Good luck!
Note
AAPL divided by SPY weekly chart Note
AAPL divided by Dow Jones (weekly chart) Note
Bull flag formation on AAPL 5 minute chart. A strong breakout would be bullish and it will go higher. If it breaks down it would be bearish. Note
they broke out of the flag, and then came back in and out again. Anyway the daily candle is a spinning top. Obvious resistance at the ma cluster around 145ish. Note
rejection from ma cluster at 145 Note
trendline has held on AAPL, all bounces should be sold Note
potential bear flag on AAPL this morning. Note
into the gap area, but at daily BB support, I expect a bounce to try and retake 140 sooner rather than later. Note
AAPL to trendline and weekly BB, don't think this goes much lower for now.... Note
4th wave should be done, play the chart and you'll see it. Mislabeled the top... Note
AAPL is now embedded bearish on the daily slow stochastic, and lost it's well defined channel. Should go to the weekly 200ma next at 115 area. Note
recovery after breakdown but now looks like another objective short level on the great white whale. Note
AAPL getting hammered after hours. Bulls' are saying it's gonna be like MSFT and bounce back hard. Probably not considering the technicals.
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