APPLE $AAPL | APPLE BEARISH PRICE CHANNEL - Apr. 9th, 2024APPLE NASDAQ:AAPL | APPLE BEARISH PRICE CHANNEL - Apr. 9th, 2024
BUY/LONG ZONE (GREEN): $173.50 - $181.50
DO NOT TRADE/DNT ZONE (WHITE): $168.15 - $173.50
SELL/SHORT ZONE (RED): $161.50 - $168.15
Weekly: Bearish
Daily: Bearish
4H: Bearish
NASDAQ:AAPL price has been slowly moving through my previous DNT zone but was taking some time. I decided to make a new analysis with current structure and levels that I view as important. I made new targets for the bulls and the bears, but have kept the most recent targets still shown on the charts.
Looking at the 4H timeframe NASDAQ:AAPL price has displayed strong bearish momentum, a correction, and then downwards continuation before it began to range through the descending channel. There has been bearish structure shown on the Weekly, Daily, 4H, and lower timeframes so I am leaning towards looking for shorts to follow the trend.
Previous targets are still shown and will be linked below.
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
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Apple
BItCOiNa has a path to 120k and you aren't gonna like itI mean, this is it. It run up to 120k right to the number. but the rejection needs to be seen around 76-81 and maybe 84 but idk yet.
It would absolutely covid crash the price and wick it down to like almost zero.
The return and I imagine where most people get in will be right around 25k maybe 29k.
It climbs really fast at that point.
retraces into may and june and then we get a big push to 1.2mil to round out the year.
Then big crash.
That is all should this scenario play out. Otherwise this chart is worthless.
I'm telling you, this is a very real scenario that could occur.
But probability wise, it's low.
But it fits, and it's possible.
Keep an eye out.
am crazy.
okay. ty.
Alt coins need to spring and crash before bitcoin crashes, which takes them all down together, the alt coins mostly die and the profits likely pump bitcoin to those levels.
Oh and then probably TSLA, META, MSFT, NVDA, APPLE and a few other all start saying they bought the dip. BIG jump. Followed by everyone saying "well it's a long term hold ya know, I play the long game, it'll come back to a mil."
APPLE My Opinion! SELL!
My dear subscribers,
APPLE looks like it will make a good move, and here are the details:
The market is trading on 176.55 pivot level.
Bias - Bearish
My Stop Loss - 179.03
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 171.21
About Used Indicators:
The average true range ATR plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
👀 Three Black Crows. Bear Market Candlestick PatternThree Black Crows is a term used to describe a bearish candlestick pattern that can predict a reversal in an uptrend.
Classic candlestick charts show "Open", "High", "Low" and "Close" prices of a bar for a particular security. For markets moving up, the candlestick is usually white, green or blue. When moving lower they are black or red.
The Three Black Crows pattern consists of three consecutive long-body candles that opened with a gap above or inside the real body of the previous candle, but ultimately closed lower than the previous candle. Often traders use this indicator in combination with other technical indicators or chart patterns to confirm a reversal.
Key points
👉 Three Black Crows is a Bearish candlestick pattern used to predict a reversal to a current uptrend, used along with other technical indicators such as the Relative Strength Index (RSI).
👉 The size of the Three black crow candles, timeframe they appeared on, the gaps when they opened, the downward progression sequence, as well as their shadows can be used to judge whether there is a risk of a pullback on a reversal.
👉 The “Three Black Crows” pattern should be considered finally formed after the sequential closure of all three elements included in it.
👉 The opposite pattern of three black crows is three white soldiers, which indicates a reversal of the downward trend. But maybe more about that another time.
Explanation of the Three Black Crows pattern
Three Black Crows is a visual pattern, which means there is no need to worry about any special calculations when identifying this indicator. The Three Black Crows pattern occurs when the bears outperform the bulls over three consecutive trading bars. The pattern appears on price charts as three bearish long candles with or without short shadows or wicks.
In a typical Three Black Crows appearance, bulls start the time frame with the opening price or gap up, that is, even slightly higher than the previous close, but throughout the time frame the price declines to eventually close below the previous time frame's close.
This trading action will result in a very short or no shadow. Traders often interpret this downward pressure, which lasted across three time frames, as the start of a bearish downtrend.
Example of using Three black crows
As a visual pattern, it is best to use the Three Black Crows as a sign to seek confirmation from other technical indicators. The Three Black Crows pattern and the confidence a trader can put into it depends largely on how well the pattern is formed.
Three Black Crows should ideally be relatively long bearish candles that close at or near the lowest price for the period. In other words, candles should have long real bodies and short or non-existent shadows. If the shadows are stretching, it may simply indicate a slight change in momentum between bulls and bears before the uptrend reasserts itself.
Using trading volume data can make the drawing of the Three Black Crows pattern more accurate. The volume of the last bar during an uptrend leading to the pattern is relatively lower in typical conditions, while the Three Black Crows pattern has relatively high volume in each element of the group.
In this scenario, as in our case, the uptrend was established by a small group of bulls and then reversed by a larger group of bears.
Of course, this could also mean that a large number of small bullish trades collide with an equal or smaller group of high volume bearish trades. However, the actual number of market participants and trades is less important than the final volume that was ultimately recorded during the time frame.
Restrictions on the use of three black crows
If the "Three Black Crows" pattern has already shown significant downward movement, it makes sense to be wary of oversold conditions that could lead to consolidation or a pullback before further downward movement. The best way to assess whether a stock or other asset is oversold is to look at other technical indicators, such as relative strength index (RSI), moving averages, trend lines, or horizontal support and resistance levels.
Many traders typically look to other independent chart patterns or technical indicators to confirm a breakout rather than relying solely on the Three Black Crows pattern.
Overall, it is open to some free interpretation by traders. For example, when assessing the prospects of building a pattern into a longer continuous series consisting of “black crows” or the prospects of a possible rollback.
In addition, other indicators reflect the true pattern of the three black crows. For example, a Three Black Crows pattern may involve a breakout of key support levels, which can independently predict the start of a medium-term downtrend. Using additional patterns and indicators increases the likelihood of a successful trading or exit strategy.
Real example of Three black crows
Since there are a little more than one day left before the closing of the third candle in the combination, the candlestick combination (given in the idea) is a still forming pattern, where (i) each of the three black candles opened above the closing price of the previous one, that is, with a small upward gap, (ii ) further - by the end of the time frame the price decreases below the price at close of the previous time frame, (iii) volumes are increased relative to the last bullish time frame that preceded the appearance of the first of the “three crows”, (iv) the upper and lower wicks of all “black crows” are relatively short and comparable with the main body of the candle.
Historical examples of the Three Black Crows pattern
In unfavorable macroeconomic conditions, the Three Black Crows pattern is generally quite common.
The weekly chart of the S&P500 Index (SPX) below, in particular, shows the occurrence of the pattern in the period starting in January 2022 and in the next 15 months until April 2023 (all crows combinations counted at least from 1-Month High).
As it easy to notice, in each of these cases (marked on the graph below) after the candlestick pattern appeared, the price (after possible consolidations and rollbacks) tended to lower levels, or in any case, sellers sought to repeat the closing price of the last bar in series of the Three Black Crows candlestick pattern.
Bottom Line
👉 As well as in usage of all other technical analysis indicators, it is important to confirm or refute its results using other indicators and analysis of general market conditions.
👉 Does History repeat itself? - Partially, yes.. it does. This is all because financial markets (as well as life) is not an Endless Rainbow, and after lovely sunny days, earlier or later, dark clouds may appear again, and again.
Testing Vix Cheat Sheet on Apple, 5 days + 4.11%The Viz cheat sheet indicator reveals that if the Vix closes above the upper Bollinger band ($19.01) during the next 5 days that means the Apple stock price will increase by 4.11% to $174. Currently the Vix is around $18.
I've tested this indicator the Vix cheat sheet before with quite impressive results.
⭐️ Golden Opportunities : Smart Picks for Buying and SellingBy checking the gold chart in the 1-hour time frame, we can see that based on the previous analysis, the price reacted to the specified supply levels and is currently trading in the range of $2381! Note that the price has attractive ranges in front of it to fall towards them (to collect liquidity)! These levels are $2363, $2339 and $2320 respectively!
The attractive supply ranges (for SELL) are $2398, $2404 to $2406 and $2416, respectively!
The Attractive demand ranges (for BUY) are $2312, $2339, and $2267 to $2284, respectively!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
APPLE: Is this 1D MA50 rejection something to worry about?AAPL is neutral on its 1D technical outlook (RSI = 51.445, MACD = -1.220, ADX = 19.718) as it is getting sold emphatically today following Friday's rejection on the 1D MA50. That was the first time to hit the 1D MA50 in 2 months, so this rejection may be just short term profit taking. We can basically see two Channel Down patterns, very similar with each other. On November 2nd 2023, when the 1D MA50 also broke following a price rebound inside the S1 Zone, it also gave a pullback on the following session. If tomorrow we see a recovery, then we might be on a similar recovery path towards the R1 level. Our target is just under it (TP = 199.00).
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Apple's Share Price and AI Potential Attract Hedge Funds
Hedge funds are circling Apple like sharks in feeding frenzy, according to a recent report by Bloomberg. This newfound interest stems from a confluence of factors: a recent slump in Apple's share price and the company's anticipated foray into artificial intelligence (AI) for its flagship iPhones.
A Discount Apple: Value in Slumping Shares
Apple's stock price has dipped by roughly 13% so far in 2024, lagging behind the broader market. This decline has made the company's valuation more attractive to hedge funds, who are constantly seeking strategic buying opportunities.
JPMorgan Chase analysts point out that Apple's current valuation, hovering around 24 times its forward earnings, is lower compared to its tech megacap peers like Microsoft. It's even slightly below the tech-heavy Nasdaq 100 benchmark. This relative discount has piqued the interest of value-oriented hedge funds searching for undervalued stocks with strong growth potential.
AI: The Next Frontier for iPhones?
Hedge funds are not just enticed by the discounted share price; they're also excited about the potential for AI integration within Apple's iPhones. The anticipation of significant AI upgrades to future iPhones is seen as a major growth driver.
While details remain under wraps, analysts speculate that Apple might be planning to incorporate advanced AI features into its iPhones, potentially revolutionizing user experience and functionality. This strategic shift aligns with the broader trend of tech giants embracing AI to enhance their products and services.
Navigating Headwinds: Challenges Remain
Despite the recent surge in hedge fund interest, Apple isn't without its challenges. The ongoing global chip shortage continues to disrupt supply chains, potentially impacting production and shipment timelines for new iPhones. Additionally, the economic slowdown in China, a crucial market for Apple, could dampen overall demand for its products.
A Strategic Entry Point: Betting on Apple's Future
JPMorgan analysts see the current headwinds as a strategic entry point for hedge funds. They believe these challenges are temporary and that Apple is well-positioned for long-term growth, especially with its anticipated AI advancements.
Hedge funds are likely betting on Apple's ability to innovate and maintain its market dominance within the premium smartphone segment. The success of AI integration within iPhones could be a game-changer, propelling Apple's share price significantly higher.
The Bottom Line: A Calculated Gamble
The influx of hedge fund interest underscores Apple's enduring appeal as a potentially undervalued tech giant. While the short-term outlook might be clouded by economic uncertainties and supply chain disruptions, the long-term prospects appear promising, fueled by the company's commitment to AI development. However, investors, including hedge funds, should carefully consider the inherent risks before dipping their toes into the Apple stock pool. The success of Apple's AI endeavors will ultimately determine whether this surge in hedge fund interest translates into a sustained rise in the company's share price.
AAPL Apple WAIT to BUYAAPL Apple WAIT to BUY
If you look at Weekly TF:
there is still room for downside
There is a good support at 170$, however, one should not give any money to market by jumping the gun. Any trade should be initiated only at support OR when price breaks the TL in the direction of our trade.
Better way to initiate a BUY entry would be, when price breaks above the Red Sloping TL and closes above it, Then a BUY entry can be initiated.
If a BUY entry is initiated, then
1st Target would be 180,
2nd Target would be 195
For stop loss (Partial exit ) when price breaks below the Red Sloping TL and complete exit when Green HOrizontal Support TL at 170 gets breached.
BLACKROCK TP 806 As of the most recent data, the stock price for BLK is approximately $803.981. Here are some relevant points to consider:
Analyst Consensus Price Target (2024): The average consensus price target for BlackRock is $796.00, with a range from $542.00 (low) to $938.00 (high). This indicates a potential upside of approximately 0.60% from the current price.
Long-Term Forecast (2025): Based on technical indicators, the current sentiment is bearish, but BLK could still hit $1,167.96 by 20252. Keep in mind that trading in bearish markets can be challenging and may result in losses.
Long-Term Price Forecast (2050): Analysts predict that by 2050, the median target price for BLK could be $4,462.69, representing a substantial increase from the current price.
SHOR WELLS FARGO IDEA BACK TO 48 TP KEY FACTORSThe stock price of Wells Fargo & Company (WFC) can be influenced by several key factors:
Interest Rates: Wells Fargo is a big beneficiary of rising interest rates. When the Federal Reserve raises its benchmark overnight lending rate, it positively impacts banks. Wells Fargo’s margins widen as yields on interest-earning assets (such as loans) reprice higher with the federal funds rate, while the yields on interest-bearing liabilities (like deposits) remain relatively stable. The recent hawkish stance by the Fed, with expectations of multiple rate hikes, further supports Wells Fargo’s profitability.
Earnings Estimates: Analysts’ revisions to earnings estimates play a crucial role. When earnings estimates for a company go up, its stock’s fair value tends to increase as well. Wells Fargo’s expected earnings per share for the current quarter and fiscal year are important indicators. Although the consensus estimates have changed slightly, they still impact investor sentiment.
Efficiency Initiatives: Wells Fargo is conducting a multi-year efficiency initiative to cut annual expenses and streamline operations. If successful, this could positively affect the bank’s profitability and stock price.
Asset Cap Removal: The asset cap imposed on Wells Fargo since 2018 (due to the phony-accounts scandal) restricts the bank from growing its balance sheet. Investors hope that the removal of this cap will enhance the stock’s valuation and overall performance.
Comprehensive Analysis: Long-Term Position in Apple (Idea 1)After conducting an exhaustive examination of Apple Inc.'s fundamentals, including a meticulous review of its Annual Report, earnings calls, and other pertinent documents, I have arrived at a well-informed conclusion regarding the company's prospects. Subsequently, I have strategically chosen to position myself in this market leader.
Apple's substantial Market Capitalization underscores its prominence in the global market. By amalgamating both Fundamental Analysis and Technical Analysis, this trade idea is meticulously crafted to capitalize on the inherent strengths of Apple Inc. This marks the inception of a two-part analysis, with the first segment focusing on establishing a long-term position.
The entry point for this trade is set at 164.31, a level meticulously chosen based on a synthesis of technical indicators. Unlike conventional trading strategies, this approach foregoes a Stop Loss (SL) as the overarching vision is geared towards the long-term horizon, mitigating short-term fluctuations and focusing on the company's enduring value.
While the Take Profit (TP) level remains subjective, the overarching strategy suggests holding the position for an extended period, allowing ample time for the investment thesis to materialize. Additionally, this entry and exit strategy provides flexibility for short-term trading opportunities, accommodating varying risk appetites and trading styles.
This comprehensive analysis underscores a strategic long-term perspective on Apple Inc., leveraging both fundamental strength and technical insights to navigate the dynamic landscape of the financial markets.
When you want to trade on Apple (based on this idea) than you need to set a SL (Stop loss), at 160.93$ (when you want a short trade (short timeframe) ) or 155.37$.
When you are in loss you should also do DCA.
Don´t forget to like (boost), follow me and comment!
The sideways pattern is completed and soon the bull marketDear analysts and traders,
I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules.
As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed my approach by combining this principle with my personal experience and by considering different scenarios that are likely to occur in the market. It should be noted that I do not like to be surprised in the market, and that's why I have different market prospects. I follow them to be sure and recognize the structure that is forming so that I can 100% recognize it.
I will share my analysis with you, but please note that I am not providing any buy or sell signals. My perspective on idea analysis is completely unbiased, so if the idea analysis meets your standards, you can use it as a guide to make an informed decision.
I have attached my previous analysis of the same market so that you can compare and see the differences. All the details of my analysis are clearly labeled, making it easy for you to understand. However, having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily.
I have been studying the Elliott Wave Principle for almost three years now, and over time, my understanding of this knowledge and experience has grown. What I have achieved so far is the legacy of a genius called Ralph Nelson Eliot, and I am really happy with my progress. May peace be upon him.
Thank you for your support so far. I will always remember your kindness. Please share your comments and criticisms with me.
I hope my analysis will be useful to you in your business journey, and I wish you all the best.
Sincerely,
Mr. Nobody
Apple: Two ways to the same goal 🛣️We primarily assume that Apple shares will swing higher again in the short term with a countermovement and then extend the high of wave X in turquoise. It should then later enter our green Target Zone ($161.90 – $140.32) with the subsequent wave Z. If, however, the price chooses our alternative scenario (35%) our Zone will be targeted directly.
[AAPL] Apple downside now ?Apple Inc. (AAPL) has recently undergone a significant development as it broke a crucial support level around $180.0. This breach occurred following the formation of a double top pattern on a long timeframe, signaling a notable shift in market sentiment.
The current price action shows a slight pullback around the $177.8 level, indicating potential rejection of the price at this level. However, it's important to note that this particular entry point may not be optimal for establishing new positions due to the inherent uncertainty and risk associated with the recent breakdown of support.
Given the less-than-ideal nature of this entry, risk management becomes paramount. Consequently, any positions initiated at this stage should be kept at minimal size to mitigate potential losses. Moreover, a strategy of being prepared to exit swiftly is advisable, especially if the price fails to gain momentum or starts to exhibit further weakness.
It's crucial to remain vigilant and closely monitor price movements, particularly around the $177.8 level. Should the price dynamics change, and $177.8 begins to play a significant role again, there may be an opportunity for re-entry with a more favorable risk/reward profile.
In summary, while the recent breakdown of support presents a notable development in AAPL's price action, caution is warranted in entering new positions at this juncture. Maintaining strict risk management protocols and readiness to adapt to changing market conditions will be essential for navigating the evolving landscape of AAPL's stock.
Great Trade !
AAPL MIGHT BREAK THIS KEY LEVEL NEXTThe price has once again found its support on the highlighted key level where I believe the price will further continue to fall with a clean bearish breakout on the highlighted level. For this to happen, we are required to confirm a bearish breakout first before attempting to do any sell-off. Also on the bigger picture, the price has created a double top formation.
The price breakout on the key level is expected to revisit the bottom support highlighted at $145 region.
Apple: Target Zone in Sight
Apple is nearing our target zone, showing the weakness we wanted to see. Today, we've observed a 3% drop. We expect a few more percentage points to fall before reaching the target zone for Wave 2, which is between 50 and 78.6 percent. Looking at our 2-hour chart, we're now seeing the 5-wave structure we anticipated. This entire scenario would likely be incorrect if we exceed the invalidation line. However, we should continue to see this downward trend, ideally towards Wave (b), around $165.67. Then, we should form Wave (iv), followed by Wave (v), with our entry between $161.55 and $140.45. After this, we should continue with the overarching Wave (5), eventually completing it. If we get stopped out here we anticipate Apple to fall significantly lower as said in the past, but for now we hold this scenario.
NVIDIA SL 850 TO 1000 ENTER BETWEEN THIS LEVELS Dominance in AI and Software Solutions: NVIDIA stands out as a leader in software and AI solutions. Its technology is crucial for various applications, including AI training, autonomous driving, and the metaverse. The company’s strong position in these areas provides a solid foundation for growth1.
Beat-and-Raise Potential: NVIDIA is expected to deliver a strong earnings report. Despite high demand for its artificial-intelligence hardware, the company may still outperform expectations. Analysts anticipate a beat-and-raise scenario, which could drive the stock price higher1.
Long-Term Tailwinds: The secular trends favoring AI, autonomous driving, and the metaverse are long-term tailwinds for NVIDIA. As these technologies continue to evolve, NVIDIA’s revenue streams from software and AI solutions are likely to grow consistently1.
Trade Strategy
Entry Point: Consider entering the trade when NVIDIA’s stock price is around the current market price (approximately $434.86).
Stop Loss: Set a stop loss at $850. If the stock price drops to this level, exit the position to limit losses.
Take Profit: Aim for a take profit target of $1000. If the stock reaches this level, consider selling to lock in profits.