Originally published by @NZ_Shareman
Watching to see if the pattern of AAPL repeats itself from 2008. This year we have been on a roller coaster of volatility, smashing through 5 years of the 2008 Crash Recovery pattern price action in 8 months.
This follows EWF (Elliott Wave Forecast), that we will be moving to higher highs before turning down to fill the gap.
Active Trade: AAPL $140c 12/18 @ $1.15 - $1.26
Exit: Ideally before earnings on 10/29.
This is not financial advice, just an idea.
Watching to see if the pattern of AAPL repeats itself from 2008. This year we have been on a roller coaster of volatility, smashing through 5 years of the 2008 Crash Recovery pattern price action in 8 months.
This follows EWF (Elliott Wave Forecast), that we will be moving to higher highs before turning down to fill the gap.
Active Trade: AAPL $140c 12/18 @ $1.15 - $1.26
Exit: Ideally before earnings on 10/29.
This is not financial advice, just an idea.
Comment:
If the bottom is set at $114.28, then (1)-(2) up from the 9/21 lows measures 138.50 to 153.47 for wave (3) in AAPL.
Comment:
Historically, the low hits on the last Monday in October before elections. Right on track for AAPL.