AAPL trading in rising wedge and pennant!

2018年3月17日

AAPL is trading in one rising wedge, dating back from 2012 (blue lines) and one rising pennant (red lines), during March. Rising wedges and pennants are a sign of weakness. Last week, an important support line has been broken. 1st TP $164 (0,618) and below is possible (Flat-pattern).

2018年3月18日

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See below on 15min a more detailed view.

2018年3月18日

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2018年3月18日

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There might be a retest of the blue resistance line, because there is also another Pennant pattern (blue dotted). A small wave 2 would also be possible.

2018年3月18日

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See below on 1min

2018年3月18日

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2018年3月18日

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Make your choice and trade carefully!

2018年3月24日

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2018年3月24日

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AAPL at Fib 0,618 ($164) of leg "a" (blue): This is not the end of this correction! If AAPL finds enough support at this level on Monday and Tuesday, there will be a little run, to retest the blue dotted line. (Probable FailedFlat-pattern). A realistic target could be Fib. 1,000 ($153,30). (Preferred Flat-pattern)

2018年3月24日

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A further possibility could be, that this wave "c" is extended (1,618 of wave "a")! TP for this would be $136,85.