AppleSingkat
Apple Inc. (AAPL) – Setting Up For a DUMP
Hi Traders! 👋
Today’s analysis focuses on Apple Inc. (NASDAQ: AAPL) using Elliott Wave principles on the 15-minute timeframe.
The chart illustrates a potential corrective structure unfolding after a sharp decline. Let’s break down the details:
Elliott Wave Count:
- Impulse Wave (1-5): The initial drop is identified as a completed 5-wave structure.
- Corrective Wave (A-B-C): The market appears to be in the midst of an ABC correction, with wave B currently unfolding near key Fibonacci retracement levels.
Key Fibonacci Zones:
Wave B Resistance:
- 0.618–0.786 Retracement: $257.41–$258.59 (likely reversal zone).
- 0.88 Retracement: $259.25 (critical invalidation level).
- Wave C Target: $250.38 (1.0 Fibonacci extension of wave A).
Potential Scenarios:
1. Bearish Continuation: A rejection in the $257–$259 range could trigger wave C, targeting $250.38.
2. Invalidation: A break above $259.25 suggests a failed bearish setup, with a potential retest of higher levels.
Trade Idea:
- Entry: Monitor price action near $257–$259.
= Stop-Loss: Above $259.25 for a conservative risk approach.
- Take-Profit: $250.38 for a 2:1 risk-reward ratio.
Market Sentiment: With broader market uncertainty and Apple at a pivotal technical level, this corrective structure provides a clear opportunity for short-term traders.
Always manage risk, and trade safe! 🚀
Let me know if you'd like adjustments or additional insights. Happy trading! 📈
Today’s analysis focuses on Apple Inc. (NASDAQ: AAPL) using Elliott Wave principles on the 15-minute timeframe.
The chart illustrates a potential corrective structure unfolding after a sharp decline. Let’s break down the details:
Elliott Wave Count:
- Impulse Wave (1-5): The initial drop is identified as a completed 5-wave structure.
- Corrective Wave (A-B-C): The market appears to be in the midst of an ABC correction, with wave B currently unfolding near key Fibonacci retracement levels.
Key Fibonacci Zones:
Wave B Resistance:
- 0.618–0.786 Retracement: $257.41–$258.59 (likely reversal zone).
- 0.88 Retracement: $259.25 (critical invalidation level).
- Wave C Target: $250.38 (1.0 Fibonacci extension of wave A).
Potential Scenarios:
1. Bearish Continuation: A rejection in the $257–$259 range could trigger wave C, targeting $250.38.
2. Invalidation: A break above $259.25 suggests a failed bearish setup, with a potential retest of higher levels.
Trade Idea:
- Entry: Monitor price action near $257–$259.
= Stop-Loss: Above $259.25 for a conservative risk approach.
- Take-Profit: $250.38 for a 2:1 risk-reward ratio.
Market Sentiment: With broader market uncertainty and Apple at a pivotal technical level, this corrective structure provides a clear opportunity for short-term traders.
Always manage risk, and trade safe! 🚀
Let me know if you'd like adjustments or additional insights. Happy trading! 📈
Penafian
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