i can see a three wave up it is definitely an ABC correction or a new impulse wave. i counted apple right now as a corrective wave because it has reached its previous resistance.
i will enter in a short position at 213 because in that case two things will prove to me:
1 the trend line of diagonal triangle is broken
2 wave 4 have entered wave 1 territory (the wave i labeled as A) so it will invalidate the bullish case count.
i will update this trade. stay tuned
EP -> 213
TP -> 173
SL -> 229
i will enter in a short position at 213 because in that case two things will prove to me:
1 the trend line of diagonal triangle is broken
2 wave 4 have entered wave 1 territory (the wave i labeled as A) so it will invalidate the bullish case count.
i will update this trade. stay tuned
EP -> 213
TP -> 173
SL -> 229
Note
Bearish Divergence + Bearish count = great opportunity to short. dont miss this trade.Note
apple broke out to new ATH but the rising wedge is still intact until wave 5 gets longer that wave 3. like this chart. when we surpassed the fib extension level 1 it is invalid.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.