AAPLLiking the setup in AAPL I’m seeing. Corrective retrace down into demand, wedged in there, with a completing 5 wave count.
If we gap up tomorrow, I will look for a retrace back into demand. This would be what I see as a healthy retrace for a 1 - 2 wave base. Ideally you want to enter on wave 3 (this is where most of the money is made!)
Game Plan: if we gap open, will look for retrace, watch price action, then enter long. If we open down, will look for a breakout from demand if this zone holds. If I see an opportunity to catch breakout, I may try and enter a small long just in case it decides to take off and not retrace. Ideally, I want the wave 1 up from demand, then retrace, make a higher low for 2, then enter long.
