meszaros

Apple Inc. prices rose by 16%...

Long
NASDAQ:AAPL   Apple Inc
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This rise can be considered as a correction. More specifically, the correction of the axis of the exchange wave axis. This is a common form of movement, which is also more likely to be expected here. This can be followed by a repeated decreasing wave. The figure shows a dual wave structure. This second downward wave structure is expected after the 16% upward correction.

Comments

Yankyy Yankyy
@Yankyy, Same conclusion. I think this is something like a dead cat bounce, what will likely lead into a strong sell-off. Nice Analysis, Thanks !
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meszaros Yankyy
@Yankyy, I also really like your analysis. Because our analysis strategy is apparently different, the results are very similar.
+1 Reply