AAPL continues to decline in a complex Elliott structure.
Our TD Idea provided a nice profit as we sold into high volatility at the right moment. Likely we need more patience now as another drop seems possible and IV may expand again.
Gann level 138 provided support. If price continues to be weak, we look for the next Gann level below at 132. That level corresponds to a 180 degree rotation around the Square of 9, measured from the top.
It is possible to count AAPL as a WXY pattern (blue count). In that case we may look for 5 more waves to the downside. Should price come back into the 50-60% retracement area (blue box) today, we may look if sellers step in. A short idea could be interesting to capture a potential wave (y).
Important volatility aspects: North Node stands in trine with natal Ascendent on 8 OCT. Mars squares natal Mars on 9 OCT.
Ireland may sign an OECD corporate tax agreement which would increase the corp. tax for Apple. Further statements are expected this week which may impact AAPL.
______________
constellations.trade
In my analyses I combine Elliott waves, Gann theory, and planetary aspects to identify turning points in the markets & derive high-probability trading ideas. The strategy is to build leveraged exposure when markets are likely to expand, and to use options premium decay for consistent income when markets may contract and range.
Open an account here if you'd like to support my work:
TastyTrade
America's best Options, Futures and Crypto broker
start.tastyworks.com/
Deribit
The world's most liquid Bitcoin options platform
deribit.com/reg-14912.6680
Binance
10% off trading fees with this link:
accounts.binance.me/en/register?ref=LLBB97HL
These abbreviations in the chart describe ideas that are provided as educational information and do not constitute financial advice:
STO = sell to open
BTC = buy to close
BTO = buy to open
STC = sell to close
TD = Theta Decay (for example a strangle or iron condor)
Disclaimer:
The views and ideas expressed in this analysis are that of the maker. They are provided as educational information and do not constitute financial or trading advice.
Our TD Idea provided a nice profit as we sold into high volatility at the right moment. Likely we need more patience now as another drop seems possible and IV may expand again.
Gann level 138 provided support. If price continues to be weak, we look for the next Gann level below at 132. That level corresponds to a 180 degree rotation around the Square of 9, measured from the top.
It is possible to count AAPL as a WXY pattern (blue count). In that case we may look for 5 more waves to the downside. Should price come back into the 50-60% retracement area (blue box) today, we may look if sellers step in. A short idea could be interesting to capture a potential wave (y).
Important volatility aspects: North Node stands in trine with natal Ascendent on 8 OCT. Mars squares natal Mars on 9 OCT.
Ireland may sign an OECD corporate tax agreement which would increase the corp. tax for Apple. Further statements are expected this week which may impact AAPL.
______________
constellations.trade
In my analyses I combine Elliott waves, Gann theory, and planetary aspects to identify turning points in the markets & derive high-probability trading ideas. The strategy is to build leveraged exposure when markets are likely to expand, and to use options premium decay for consistent income when markets may contract and range.
Open an account here if you'd like to support my work:
TastyTrade
America's best Options, Futures and Crypto broker
start.tastyworks.com/
Deribit
The world's most liquid Bitcoin options platform
deribit.com/reg-14912.6680
Binance
10% off trading fees with this link:
accounts.binance.me/en/register?ref=LLBB97HL
These abbreviations in the chart describe ideas that are provided as educational information and do not constitute financial advice:
STO = sell to open
BTC = buy to close
BTO = buy to open
STC = sell to close
TD = Theta Decay (for example a strangle or iron condor)
Disclaimer:
The views and ideas expressed in this analysis are that of the maker. They are provided as educational information and do not constitute financial or trading advice.
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.
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.