AAPL too optimistic for an optimist?

25 февр. 2018 г.

AAPL has finished a "Expanded Flat" in a "Minor"-wave 4 probably and is in a very strong upswing! This upswing made more than Fib. 0,786 of the preceeding "Minute"-wave c! On Friday, the blue resistance line has been broken to the upside and the price is on the level of former wave 3 ("Minor"). This seems to be a very bullish signal! For further interst see below, when I switch to 15min chart:

25 февр. 2018 г.

Заметка

25 февр. 2018 г.

Заметка

AAPL one of the big 5 of DJI is very important (See Wiki)! If you look at the price developement of the last 3 days, you can't ignore the fact, that AAPL didn't even retrace to 0,236!
In my optimistic view, I considered "Minor"-wave 3 to be at 2017-11-09 ($176,23) with an "Expanded Flat"-pattern, terminating a "Minor"-wave 4 at 2018-02-09 ($151,76). In this case, the next upswing should be in a "Minute"-wave 1, which I can't see (!!!), because there has been no significant consolidation so far! So, last breakout on Friday, could have been a false signal or bull trap!

2nd possible Scenario: Given the fact, that "Minor"-wave 3 would be on 2018-01-16 ($179), AAPL would be in a "Minute"-wave b and has retraced more than Fib. 0.786. In this case AAPL would be in an ABC correction, which I can't see either.
That's why I'm bearish for the very shortterm for AAPL!