Apple - Correction before new ATH!
The most probable view:
1) We are in a three wave correction with $110 being A, a run to $123.37 - $126.82 (.5 - .618 of the low off $108.75) in B, down to fib retracement of 100.00 of the last equal leg at $91.39. In the correction of ((4)), the completion date should be around 9/25, where there will then be a run to new ATH.
Stock Trade Setup: Buy at ((4)).
BUY @ 100.00% = $91.39
STOP LOSS @ 161.80% = $74.37
Options Trade Setup: Buy at ((4)).
BUY 100c - 140c for 6/18/21 @ $91.39.
TP1: $144
TP2: $155
1) We are in a three wave correction with $110 being A, a run to $123.37 - $126.82 (.5 - .618 of the low off $108.75) in B, down to fib retracement of 100.00 of the last equal leg at $91.39. In the correction of ((4)), the completion date should be around 9/25, where there will then be a run to new ATH.
Stock Trade Setup: Buy at ((4)).
BUY @ 100.00% = $91.39
STOP LOSS @ 161.80% = $74.37
Options Trade Setup: Buy at ((4)).
BUY 100c - 140c for 6/18/21 @ $91.39.
TP1: $144
TP2: $155
Note
See new chart for update.Note
This is not financial advice, just my opinion.
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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.