AAPL in weekly chart

Updated

Hello everyone
I do not want to mention any entry signal in this chart but I just want to say that Apple a few waves 1,2 that are the part of extensions, so I do not believe that Apple experience very deep corrections yet and Rally has not finished yet.

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do you think our wave I,II cycle is correct and bull market has started for Apple.
We do not know if it passes 200 USD price.

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if you want too know my opinion about this chart, I never trade any chart that has even one single doubt, because we are in the ocean of opportunities and you just need to find your best chance. What I marked as waves I,II cycle might be waves 3,4 of lower degree and what is happening now is just wave 5 and then ...
I don't like that consolidation are between 144 - 157, because it seems like wave 2.
Just leave this chart for a while.

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you see. when a powerful support/resistance level should be broken out, it happens with a more powerful candle (It means with more powerful buyers or sellers).
Are you waiting for pullback or you got it ;)))

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I never get in a position with out having a reasonable pullback even it goes up forever.

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charts always come back (pull back) to collect their liquidity and if you can't see it so it might be happening in a lower degree.

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Pullbacks happen 100 % of time but its pattern and power is dependant on the psychology and the power of its participants (Investors, traders, market makers, liquidity providers and so on).

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every thing depends on this correction

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or better to say, this pullback

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and it was our pullback
That last thing we need is a beautiful GAP for the next week.

AMA_FX

AMA

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