So, Apple Incorporated. We shall track it here for some time, because we shall not get bored, looking at AAPL.
So, what will wait us in the future ? Everyone could say here:"Future is unpredictable and not available for the mortals". Yes. Let us take a look.
What do we see here ? Long high move up, with beginning - wave 1, the middle - wave 3 and the end - wave 5. Note, how nicely wave 4 divides all move into the golden ratio - the lowest is 0.382 of the whole move and the highest is 0.618 of the whole move. Even this chart is enough to say:"The move up since early 2000 is over". There will not be Apple's rise beyond its present top in the near future. Why ? Because five waves - 1-2-3-4-5 put together complete wave, wave up is over, now move down is unfolding. Right now we can say the target for Apple's fall - first big stop down, it is the end of wave 4. Price may reach this level, may stops above it, may overshoot it shortly, all variants are valid, we shall say more precisely later, when the next fall will start.
Now next chart.
First move down - the same five waves. Wave 1 - the beginning, its correction - wave 2(expanded flat), decisive wave 3 - the middle, its correction - wave 4, and final thrust down - wave 5. These five waves compose first step down, marked with "A". Every step needs a rest, after every drop follows arise, and now Apple is rising. This arise is just a break before the next drop and we can place a good SELL position at the end of this break.
Now move up - the break after fall.It consists of three waves as every correction does - waves a-b-c(blue labels), but this form is called expanded flat correction. Look - first wave "a" has three waves, then goes wave b with the same three waves form and now runs wave c up. The same view has wave 2 in first move down. Note, how wave "b" falls beyond the start of wave "a", forming expanded flat surface. Wave "c" in expanded flat corrections tries to exceed wave "a" end, so will do currently running wave "c" up. Currently unfolding wave "c" will try to go beyond wave "a" end - above 123.82 or so. The end of wave "c" will be a good place to open SELL position on AAPL shares with a very low price target. Let us look at wave "c".
The same chart above, wave "c" is a final wave of wave "B"(blue labels), subwaves are marked with green. Wave "c" is a usual, clearly visible five waves impulse as it should be in flat corrections. We see wave 1 as a start, wave 3 as a middle and perhaps we can already see wave 5 - the last wave of wave "c". Note, we can divide wave 3 into subwaves, because it is the strongest part of wave "c". So, we shall track wave 5 of wave "c" to open a good SELL position. Follow our updates here.
So, what will wait us in the future ? Everyone could say here:"Future is unpredictable and not available for the mortals". Yes. Let us take a look.
What do we see here ? Long high move up, with beginning - wave 1, the middle - wave 3 and the end - wave 5. Note, how nicely wave 4 divides all move into the golden ratio - the lowest is 0.382 of the whole move and the highest is 0.618 of the whole move. Even this chart is enough to say:"The move up since early 2000 is over". There will not be Apple's rise beyond its present top in the near future. Why ? Because five waves - 1-2-3-4-5 put together complete wave, wave up is over, now move down is unfolding. Right now we can say the target for Apple's fall - first big stop down, it is the end of wave 4. Price may reach this level, may stops above it, may overshoot it shortly, all variants are valid, we shall say more precisely later, when the next fall will start.
Now next chart.
First move down - the same five waves. Wave 1 - the beginning, its correction - wave 2(expanded flat), decisive wave 3 - the middle, its correction - wave 4, and final thrust down - wave 5. These five waves compose first step down, marked with "A". Every step needs a rest, after every drop follows arise, and now Apple is rising. This arise is just a break before the next drop and we can place a good SELL position at the end of this break.
Now move up - the break after fall.It consists of three waves as every correction does - waves a-b-c(blue labels), but this form is called expanded flat correction. Look - first wave "a" has three waves, then goes wave b with the same three waves form and now runs wave c up. The same view has wave 2 in first move down. Note, how wave "b" falls beyond the start of wave "a", forming expanded flat surface. Wave "c" in expanded flat corrections tries to exceed wave "a" end, so will do currently running wave "c" up. Currently unfolding wave "c" will try to go beyond wave "a" end - above 123.82 or so. The end of wave "c" will be a good place to open SELL position on AAPL shares with a very low price target. Let us look at wave "c".
The same chart above, wave "c" is a final wave of wave "B"(blue labels), subwaves are marked with green. Wave "c" is a usual, clearly visible five waves impulse as it should be in flat corrections. We see wave 1 as a start, wave 3 as a middle and perhaps we can already see wave 5 - the last wave of wave "c". Note, we can divide wave 3 into subwaves, because it is the strongest part of wave "c". So, we shall track wave 5 of wave "c" to open a good SELL position. Follow our updates here.
