Apple Inc has some complex cycles which we're about to breakdown to composite phases via fibonacci ratios.
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Continuous Fractal Since start 00's, bearish trends in Apple have notably shrunk in percentage terms, painting the past two decades as a period of ever growing optimism. Many long-term cycles remain incomplete for an extended time amplifying the opposing force.
A linear extensions through local tops can serve a future support level. A parallel line of that same angle carries the same deterministic properties. This unlocks use of Fibonacci channels to further analyze the structure factoring in specific side tilt.
Continuous Fractal Type - forces alternative approach in interconnecting critical pointsFibonacci Fractal Mapping
Fractal Hierarchy
Trade active
Black fractal pattern takes the lead.
Trade closed: target reached
Price has bounced off at fibonacci level as a reaction to prior impulsive bearish wave. Current pullback is heading toward closest fib level to seek resistance. If it breaks above and extends higher without a reaction, expect a correction at next fib line with higher certainty.
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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.