In my method I can confirm when a B wave has completed. For AAPL, failure to extend to 201 and 204 signals B wave has finished, and we will get confirmation that C wave has started with completion of wave (a) of C down. My wave (a) target is 159.
The solid black trajectory is my main path:
-Drop to 179-185 (targeting lower range)
-Then bounce to 186-194 (targeting lower range)
-Finally explosive drop to 159 (159 is only 0.5 retracement of the B wave, could go lower to 0.618 or 0.786 which would be 152, 140 respectively). Expecting 159 though to test breakout level from inverse head and shoulders that formed at base of B-wave.
Time to target in main path is end of August
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The dashed black path is my alt path:
-If we see bounce here around 183-186 then it would likely test low-mid 190s for resistance
-Then drop to 173-177
-Then one more shallow bounce to 179-183
-Finally the explosive move down to 159
Time to target in Alt path is end of Septemeber
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After Completion of (a) it will bein (b) of C and I will send an update there.
Best,
Tim Jobs
The solid black trajectory is my main path:
-Drop to 179-185 (targeting lower range)
-Then bounce to 186-194 (targeting lower range)
-Finally explosive drop to 159 (159 is only 0.5 retracement of the B wave, could go lower to 0.618 or 0.786 which would be 152, 140 respectively). Expecting 159 though to test breakout level from inverse head and shoulders that formed at base of B-wave.
Time to target in main path is end of August
-------------------------------------
The dashed black path is my alt path:
-If we see bounce here around 183-186 then it would likely test low-mid 190s for resistance
-Then drop to 173-177
-Then one more shallow bounce to 179-183
-Finally the explosive move down to 159
Time to target in Alt path is end of Septemeber
--------------------------------------------------
After Completion of (a) it will bein (b) of C and I will send an update there.
Best,
Tim Jobs
Note
First target range in main path already hit. This will likely continue down next week with rest of market. This will be a real sell off, might not get a dead cat bounce until 170.. Heading to 159 minumum before it finds any real support.Note
Looking for continuation down to 163-168 by end of next week. Should see 159 by end of Aug/Early September.Note
We want that 159!Note
Told you this would get ugly, we are just seeing the beginning.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.