IS APPLE ON THE TOP ? (The raise and fall of Apple)
Since reaching all time high on last April, AAPL has fallen 31.33% during the last 10 months.
Yes it is about a third of its price, but is this it? Or will we go much further?
Had APPLE just reached a MAJOR TOP ?
For that I am looking for a perspective from a big picture
(Sometime something can only be appreciated in Log scale)
(1) For the last 15 years it moved in a contracting triangle and the trendline had been broken.
(2) The April high is just slightly above fib 55.
(3) April high look like a major top (end of wave III or worse wave V) - that likely to be follow by major pull back (of more than 80%).
I hope I am wrong, because I'm a huge fan of apple .
I hope we will only goes to Fib 34 (82.46), otherwise we will go for a huge correction.
Salut to Mr. Gann from whom I owe this beautiful fan (see how perfectly fit the waves are) - GANN ROCKS.
And my appreciation to WallStScalper that show me the beauty of Gann fan - thank you from the deepest of my heart for this and more.
Yes it is about a third of its price, but is this it? Or will we go much further?
Had APPLE just reached a MAJOR TOP ?
For that I am looking for a perspective from a big picture
(Sometime something can only be appreciated in Log scale)
(1) For the last 15 years it moved in a contracting triangle and the trendline had been broken.
(2) The April high is just slightly above fib 55.
(3) April high look like a major top (end of wave III or worse wave V) - that likely to be follow by major pull back (of more than 80%).
I hope I am wrong, because I'm a huge fan of apple .
I hope we will only goes to Fib 34 (82.46), otherwise we will go for a huge correction.
Salut to Mr. Gann from whom I owe this beautiful fan (see how perfectly fit the waves are) - GANN ROCKS.
And my appreciation to WallStScalper that show me the beauty of Gann fan - thank you from the deepest of my heart for this and more.
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