muhiuddin

Elliott Wave Analysis & Forecast, #AAPL, M1, 20160406

Short
NASDAQ:AAPL   Apple Inc
This pair has finished brown sub five wave structure into main red wave 3 on April, 2015 near 134 and then completing its correction in red wave 4 towards its ideal target 50 in long term. We will expect this correction as simple abc correction, but there is also a possibility of double and threes combination that is usually occurs in wave 4. Once this correction is over long term trend will resume and we will see a sharp rally in red wave 5 towards 150 area en-route to 160 or even higher.

muhiuddin

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.