maybe, there will be a rounding bottom formation and target is 44,90 level. if it don't stop there, there will be another rounding bottom formation around 44,90 level.
as seen in the graph, Apple take a support from mid term trend line and because of biggest quarterly profit, it goes up to nearly 118 and closed 115.31 yesterday. I think B wave is done. now we are in the beginning of the C wave and its target is 1,618 of A wave (around 93) which is a good support in the long term trend line. It means there is a possiblity of %20...
There is a SHS formation, if it breaks the support level, 1.target value is 10350 level.
the second target levels is the channel support level which is around 9800-9900.
If this is the Elliott 5th wave, and diagonal as it seen, then a long period of bearish trend is just begin.
If it breaks the channel, the lower side of the channel will be seen in a very short time and it will be the first target (wave A)
