Apple should bounce tomorrow but there is weaknessIf you are long exit @175 or near that price point. Will see how price reacts when it enters the highlighted zone. We do have weakness on daily charts for sure. This $175 is just a zone to exit if you are long. I will not take a call or be long here as there is weakness on Daily TF
APPL
APPL - Where would/should we consider buying?
This analysis is based on an expected short-term retracement, the question is where we may consider looking long rather than chasing the short.
Weekly Candle formation ( dark cloud cover.
Daily confirmed Double top.
Completed AB=CD and reacted exactly from the completion zone.
RSI Divergence - Daily.
MACD crossed over - Daily
Possible buy/accumulation zones - top or bottom of the channel diagonal Support/resistance (details in Video).
$APPL Possible Reversal Areas (FCP Zones)Traders, APPL (Apple stock) can now have a correction on weekly time frames and quite possibly fall hard. The price is very extended and is due for a possible correction/reversal. Watching these 2 FCP reversal zones for possible confirmations. The confirmations must either multiple conformations on daily time frame or weekly time frame.
Trade what you see and keep the risk management tight.
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums.
✅ Follow me for future ideas, trade set ups and the updates of this analysis
✅ Don't hesitate to share your ideas, comments, opinions and questions.
Take care and trade well
-Vik
____________________________________________________
📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
AAPL - Apple / iPhone 13 / RISC-ARM Gen 2 / $200-$250i.Mob suckered again... as Price Targets were raised for Apple from $175 to $200 to $250
the i.Mob went all-in on those Calls: $200 to $250.
Amazing.
The very same Analysts who have touted "Innovation and "Market Leadership" in an environment
where Apple's Innovation is a recycling of the same tired strategy... for 4 Years.
iPhone 13 Sales are Dismal.
V.2 Gen ARM/RISC pre-orders fell well short of expectations.
____________________________________________________________________________________
Few i.Mobbers can justify the 12 to 13 upgrade, rightfully so, it is frankly a very minor improvement
with the usual Apple fanfare.
A complete Dud.
App Developers are fed up and pissed off at being held hostage to the Overlords. They are attempting to
begin an effort to go it alone or aggregate somewhere else.
______________________________________________________________________________________
Privacy... Fuggit bout it. Apple is one of the more intrusive Tech Companies, aligned with the CPP and
Facebook.
A Wall Charger for the Technocracy.
Nothing more.
_______________________________________________________________________________________
When the Big Kahua begins to roll downhill, there's a danger of contagion...
AAPL has far lower Price Objectives.
It will be interesting to see where the Inst's are taking Snapple for 4x Ex.
Happy Holidays from Tim.Apple - your little buddy, the Gilligan of Mediocrity, an Accountant by Trade.
VIX VIX is a fear gauge for the market
Breaking out of this purple angle warrants some worries. If we manage to give back the current high then we can say we can move onto a risk-on environment.
There is a sector rotation happening right now tech seems to be fading its strength and filling some gaps while some of the first sellers are finding support
Apple big shortLook at apple historically and its falls 25-40% regulary. This time its falling big down to the gap that is yet to be filled around 105. may sound absolutely crazy but when this market crashes its coming down hard. look at the yield curve its telling you everything you need to know. my prediction is a taper crash along with a recession crash soon after and itll come down to this level.
BFLY - SELL OFF BEFORE EARNINGS MONDAY FOR PROFITS? I SEE 10-12+All,
No bad news just a big dip here .. I think minimum we see a 10% move here to retest significant break. I personally believe this stock after ER will go $12+. Would not surprise me AT ALL if hedges etc are seling out here to re buy in down here to make some big profits come ER. Watch for big candles next few days.
see my last post very similar sell off.
VIX going to 16's next bearish wave startingVIX going to 16's next bearish wave starting.
The wave goes up and then back down, VIX reached a top for the up wave and starting to go back down. I expect all VIX related funds to go down next week and new ATH's for the market.
As always in the past VIX has been making new lows since covid started and I expect it to bottom low teens 10-13 which should paint an economical peak 2022-2023
APPL, Are we to fear of loss now? Run my friends ! Ruuuuunnn!APPL is going to push up the whole market again !
Stock is beautifully inside a rising wedge and reacted well and nicely to 50 % retracement of last rally and possibly has started a new motive wave.
Apple is now above the short term down trend line. I am currently in by taking out a minor high in hourly time frame and going to add to my position above 144.81 and 147.47 highs . It is average up in the right direction ( We should never average down in a wrong direction).
SPX broke the short term down trend line strongly and NDX is going to break it soon. So generally there is no major risk in the market. We know the role of APPL in controlling the whole market.
There is a nice overlap between top of the rising channel and 1.272 extension of last drop at around 163 USD which makes it our first target. But, we keep it in mind that we never sell our shares without a bearish sign in resistances. Just imagine the break out of the top of the rising wedge!
I myself close all my position immediately in the case of loosing base of wedge support. We always have to trade objectively. We always have to ask ourselves : (( What if I am wrong? )).
I lost the good chance of entry before, but market always offers more chances and I am not going too loose this one !
Wish you huge profits my friends.
Falling Wedge $APPLBearish pattern on the weekly. NFA
Typically on Rising Wedge patterns you'll see a reversal if it doesn't break through the resistance. Here you can see it's testing the resistance of around $160, if it can't break though I can see it falling and retesting the support around $150 area. Good luck
Apple's Elliott probable count, one out of many !!!Double and Triple ZigZag Rules:
Double (DZ) and Triple (TZ) Zigzags are similar to Zigzags, and are typically two or three Zigzag patterns strung together with a joining Wave called an x Wave, and are corrective in nature. Doubles are not common, and Triples are rare. Zigzags, Double Zigzags and Triple Zigzags are also known as Zigzag family patterns, or 'Sharp' patterns. Double Zigzags are labeled w-x-y, while Triple Zigzags are labeled w-x-y-xx-z. Both these patterns are included in the list of rules and guidelines below. Only a Double Zigzag is illustrated below.
Wave W must be a Zigzag.
Wave C of W cannot be a failure.
Wave X can be any corrective pattern except an ET.
Wave X must be smaller than Wave W by price.
Wave X must retrace at least 20% of W by price.
The gross price movement of Wave X must be less then 3 times the price movement of Wave W.
Wave X must be no more than 5 times Wave W by time.
Wave Y must be a Zigzag
Wave Y must be greater than or equal to Wave X by price.
Back to back and double failures are not allowed.
Wave Y must be greater than 90% of Wave W by price, and Wave Y must be less than 5 times Wave W by price.
Wave Y must be no more than a factor of 5 times either Wave X or W in price or time.
Wave C of Y cannot be a failure.
Wave XX can be any corrective pattern except an ET.
Wave XX must be smaller than Wave Y by price.
Wave XX must retrace at least 20% of Y.
The gross price movement of Wave XX must be less than 3 times the gross movement of Wave W.
Wave Z must be a Zigzag
Wave Z must be greater than or equal to Wave XX by price.
Wave Z must be less than 5 times Wave Y by price, and must also be less than 5 times Wave W by price.
Wave Z must be no more than a 5 times either Waves XX, Y, X or W in both price and time.
Double and Triple ZigZag Guidelines:
The largest Wave in Wave W is usually less than Wave W by price.
Wave X is usually a Zigzag family pattern.
Wave X is usually less than 70% of Wave W by price.
Wave X will usually retrace at least 30% of Wave W.
Wave X is most likely to be a 38.2% retracement of Wave W.
Wave X is next most likely to be a 50% retracement of Wave W.
Wave X is next most likely to be a 61.8% retracement of Wave W.
The largest Wave in Wave X is usually less than 140% of Wave W by price.
The time taken by Wave X is usually between 61.8% and 161.8% of Wave 1.
Wave Y is next most likely to be equal to 61.8% or 161.8% of W by price.
Expect the time taken by Wave Y to be between 61.8% of Wave W and 161.8% of shortest of Wave W and X.
Wave XX is usually a Zigzag family pattern.
Wave XX is usually less than 70% of Wave Y by price.
Wave XX will usually retrace at least 30% of Wave Y.
Wave XX is most likely to be a 38.2% retracement of Wave Y.
Wave XX is next most likely to be a 50% retracement of Wave Y.
Wave XX is next most likely to be a 61.8% retracement of Wave Y.
The largest Wave within Wave XX is usually less than 140% of Wave Y by price.
Wave Z is most likely to be about equal to Wave Y by price.
Wave Z is next most likely to be about equal to 61.8% or 161.8% of Wave Y.
The largest Wave in Wave Z is usually less than Wave Y by price.
APPLE LONG$AAPL
Weekly Time Frame
Apple recently hired two of Tesla’s ex-employee who use to manage auto pilot division of Tesla (Apple has been known to keep it’s project secretive and we never know when they will announce anything on EV may be 2025)
Apple Iphone 13 demand is very high but as we know from earning’s report chip shortage and logistic issues have affected the supply chain but that was taken into consideration for ER drop and it was bought
Apple’s new MacBook Pro has M1chip and demand is very high apart from that stupid stand worth (999$ which made me wanna short) but jokes apart Apple has the biggest cash holding and I am sure they will figure out the logistics issue
With holiday season coming sales going to be up…
On weekly closing Basis one can Enter Apple 160C Feb 2022 @485 with stop loss on apple below 143
We do have open Apple 170C Feb 2022 @192 current price is 253
I also Like to swing for JAN 2023 Apple 2023 200C @948 And people with accounts over 50K can go for Apple Jan 2024 200C @1200 (Trim at 30% profit)
For education purposes only Not a financial advice.