Major Key Points to Consider
- Primary Scenario (Bullish) : Consider Buy positions from corrections Above the level of 243 with a target of 280– 300. A Buy signal: the price holds above 265. Stop Loss: below 265, Take Profit: 280 – 300.
- Alternative Scenario (Bearish): Breakout and consolidation below the level of 237 will allow the pair to continue decline to the levels of 210– 200. A Sell signal: the level of 237 is broken to the Downside. Stop Loss: above 237, Take Profit: 210 – 200.
Technical Indicators
Trend: Short-term consolidation within a long-term uptrend
Support Levels: 255 – 258
Resistance Levels: price is Already in Premium Zone.
Momentum: Neutral to bullish on daily timeframe
Elliott Wave Analysis
On A Weekly Chart : A Rising Larger Wave 5 of Degree 5 is Developing on the weekly chart of AAPL : APPLE INC.
On A Daily Chart : A wave (5) of smaller degree 4 seems to be completed but traders needs to confirm the price action before considering this completed. if this is completed then price should follow the downtrend.
On A 4-Hours Chart : The Price is eems to be in a Flat Correction so far for next wave but it is still unclear. perhaps the price will unfold the next wave. If the Wave 5 of larger degree has been completed then a downtrend is likely till the 23.8% of fib level to 50% Fib level marked. To confirm this price fall, traders should wait till further development.
If this Presumption is correct then AAPL Stock of APPLE INC. may continue to Rise to the Price levels of 280– 300.
AAPL Stock : APPLE INC. Current Rate in the Market
The content of this article reflects the author’s opinion and does not necessarily reflect the official position of Webmile | Markets [A propriety of SingleDot Technologies]. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice. According to copyright law, this article is considered intellectual property, which includes a prohibition on copying and distributing it without consent.
This forecast is based on the Elliott Wave Theory. When developing trading strategies, it is essential to consider fundamental factors, as the market situation can change at any time.
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