$APPL falling next week, blasting off following week - 5 reasons
PRICE:
1) wave 2 0.618 retracement = ~117.60
2) Pitchfork 1 band support at ~115.50, its bounced off this band before (yellow circles)
TIME:
3) Stoch RSI is falling, the equal legs projection from previous low to high (nov 27 to Dec 8) places new RSI low around Dec 17
4) the 2.618 lvl of the trend based Fib time extension lands on Dec 16, lining up with the low of wave 2.
PROJECTION:
5) Bounce from wave 2 leads exactly to median of pitchfork, which is the 1.618 extension of wave 3
CONCLUSION:
DEC 16-18, EXPECT APPLE TO FALL TO 115-118 RANGE
1) wave 2 0.618 retracement = ~117.60
2) Pitchfork 1 band support at ~115.50, its bounced off this band before (yellow circles)
TIME:
3) Stoch RSI is falling, the equal legs projection from previous low to high (nov 27 to Dec 8) places new RSI low around Dec 17
4) the 2.618 lvl of the trend based Fib time extension lands on Dec 16, lining up with the low of wave 2.
PROJECTION:
5) Bounce from wave 2 leads exactly to median of pitchfork, which is the 1.618 extension of wave 3
CONCLUSION:
DEC 16-18, EXPECT APPLE TO FALL TO 115-118 RANGE