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Apple Inc
Short
Updated

Possible Monthly Correction - AAPL

197
It seems AAPL has completed a 5-wave bullish pattern on the monthly chart. At present, we are at a critical Fib. level with stock overbought. Therefore, it won't be wise to neglect the possibility of at least a short term reversal. Long term investors must keep this in consideration. Will soon be updating a fundamental evaluation of the stock as well.
Trade closed: target reached
snapshot Here are the three way that I believe the wave structure can develop. In my opinion, the structure indicated in green is the most likely scenario, but other scenarios are also possible. Now is a good time to close all short positions and start looking for a long entry.
Navdeep_Singh
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AAPLElliott WaveStocks

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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.
AAPLElliott WaveStocks
Navdeep_Singh
Also on:

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.