Apple: BlackoutApple is currently preparing for Black Friday and paving its way to to the top. We're expecting the course to exceed the resistance at $157.50 to complete wave (B) before dropping below the support line at $129.08 into the grey zone between $126.62 and $109.22, establishing new lows. After completing the white wave IV, the course should turn upwards and rise above the support at $133.20.
Apple
AAPL Potential for Bearish Continuation | 16th November 2022On H4 chart, we have an overall bearish bias for AAPL. With price tapping into our sell entry at 150.38, where the 38.2% Fibonacci line is located. Stop loss will be at 157.50, where the previous swing high was located. Take profit will be at 134.40, where the previous low is located.
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Apple W X Y Correction Apple seems to be in a complex W X Y correction at the moment based on the Elliott waves. We saw the current top of Apple stock on Dec 13, 2021 at $181. Since then, we have been in a correction that has reached almost -30% at its lowest point. But is that it for Apple or does it go even further south?
The top so far was the end of wave (3) in the Intermidiate Cycle. We are probably not at the end of a wave 1, as the correction has been rather sideways, so the market emotion seems to be mostly still positive at Apple. Theoretically, wave (4) could have already found its low at $129 and we have been in an upward movement again since then.
However, since Apple shows some weaknesses again at the end of this movement and the bears still have a strong presence in the market, the approach of another low is quite likely. If we are really in a W X Y correction, it is quite possible and likely that the extension of 1.618 or 1.786 is approached. For Apple, this would be a trend reversal area between $126.57 and $121.07. However, if the low above the 129$ holds, we are now already in the 3 of the wave (v) of the III and prices of over 211$ are possible in the medium term.
How can I tell which path will occur?
If Apple sustainably exceeds $157.76, a bullish move is quite likely. We will have a final confirmation at the resistance of 176.20$.
In the long term, values of 275$ are quite possible before the next major correction. So a price range of almost 60% starting from the current price.
Long term view:
Apple Analysis 14.11.2022Welcome to the BasicTrading channel.
My name is Philip and in todays analysis I quickly go over the situation which we currently have on Apple.
I will analyse the asset both from a weekly and daily timeframe to show you the best possible trading opportunities.
If you enjoyed this analysis, let me know in the comment section which asset I should analyse tomorrow.
I will personally reply to every single comment.
Dont forget to smash that rocket and I will see you tomorrow with a new analysis.
AAPL Potential for Bearish Continuation | 14th November 2022On H4 chart, we have an overall bearish bias for AAPL. Looking for a sell entry at 150.38, where the 38.2% Fibonacci line is located. Stop loss will be at 157.50, where the previous high and 50% Fibonacci line is located. Take profit will be at 134.38 where the previous swing low is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
AAPL Simple Chart AnalysisAAPL looks strongly supported at 134 area. Trips bottom initiate the rebound & to continue from there, resistance require to breakthrough which might happen.
The risk ratio to win looks good too by winning 20% and losing 10% if to exit.
APPLE confirmed a bullish extension. Potential for $167.Apple Inc. (AAPL) broke on Friday above the 1D MA50 (blue trend-line) following the strong rebound after Wednesday's big drop on the monthly inflation (down -0.5% to 7.7%), fueled by hopes of a future monetary easing by the Fed. Even though technically the last rejection was made on the 1D MA200 (orange trend-line), it is the 1D MA50 that confirmed the bullish extension during both July 07 but mostly March 22, which is the fractal that resembles the price action since mid-August the most.
With the RSI sequences between the two quite similar, it appears that we are in that final phase that will form the new Lower High on the Lower Highs trend-line since January 03, which has been basically the Resistance of this whole Bear Cycle. The March 2022 rally topped above the 0.786 Fibonacci retracement level. That is now on $167.45, with the January Lower Highs trend-line extending even above $170.00. Solid medium-term buy opportunity for Apple.
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Elliott Wave View: Apple (AAPL) Rally as a FlatShort term Elliott Wave view in Apple (ticker: AAPL) suggests the decline from 8.17.2022 high is unfolding as a zigzag Elliott Wave structure. Down from 8.17.2022 high, wave a ended at 133.20 and wave b rally ended at 157.50. The stock extends lower in wave c and the internal subdivision is in the form of a 5 waves impulse Elliott Wave structure.
Down from wave b, wave (1) ended at 148.19 and rally in wave (2) ended at 152.17. Apple then extends lower in wave (3) towards 137.40 and wave (4) rally ended at 142.67. Final leg lower wave (5) ended at 134.38 which completed wave ((1)) in higher degree. Wave ((2)) rally is now in progress to correct cycle from 10.28.2022 high before the stock resumes lower. Internal structure of wave ((2)) takes the form of a flat. Up from wave ((1)), wave (A) ended at 141.43, and pullback in wave (B) ended at 134.59. Wave (C) is in progress as a 5 waves and can see a few more upside before it turns lower. As far as 10.29.2022 pivot at 157.47 high remains intact, expect rally to fail and the stock to resume lower.
AMZN Amazon - Realistic Expectations In Both Doom and GloomSomething I am aware of is that traders get trapped primarily because they get laser focused on one specific side of the market and one specific price target. This happens either because of greed in wanting to get it allllllll from a winning position or simply being caught underwater.
Amazon, a formerly $1+ trillion company by market cap, lost 30% of its value in the course of literally two weeks, but yet, still does not count as "cheap."
Weekly
At $91, this thing is still pushing a $982 billion market cap, and this is a company that more or less exists as a cesspool of fake Chinese product reviews and as a western import hub for junk effectively siphoned from the Chinese Communist Party's Aliexpress.
Looking at the monthly, after two years of post-Coronavirus Disease 2019 distribution, nobody in their right minds should be bullish on Amazon.
It's no longer a buy, it's a sell, and has been all year.
It's not that Amazon is a bad company, it's that the market structure clearly seeks to drain all that coiled tension from two years of selling inside a (relatively) narrow range.
But that being said, you can also tell from the monthly that there's huge ranges playing out while it makes its way downwards. The monthly also shows that Amazon is trading at a deep discount level of its total COVID-era structure.
While it could run from here and take out the lows with great ease, or run towards them another 10% and double bottom, I feel it isn't likely to play out so easily for bears, who already just had a big meal, and should not be overly greedy.
When we look at the Daily, it gives us a lot more perspective and some things to be realistic about.
Namely, the September gap is above equilibrium and counts as a breakaway. Amazon will trade back there one day, but only after the market operator has achieved its downside objective, for it already played with equilibrium twice and had no interest in filling the gap.
But Amazon lost almost $20 on its earnings call to end October, and then bounced hard before proceeding to lose another $10 in short order.
The notions of "oversold" and "overbought" shouldn't be measured in terms of indicators, for those are just math-based lagging lines. Overbought and oversold should be measured based on price action, for in reality, when the trading desk at JP Morgan and Citadel sit down in the morning, they're looking at dollar values, just like you are.
"How much do I have to spend? How much can I make? How much do I stand to lose?"
But unlike you, they aren't looking at trendline astrology or squiggle lines and Elliot wave superstitions, because when it comes to taking risk and calculating for potential reward, if you lose, you can't really tell your shareholders things like "But meh Williams %R hit 42 while the wave count was a 16(a)(c)42. I don't know what went wrong!"
Based on today's overall wild price action it seems that indexes are poised to stop trying to make lows and rally. This is congruent with the timing we face, with the US midterms being Tuesday of next week and CPI printing on Thursday.
During today's manipulation, Amazon also made three consecutive hourly lows before finally pivoting. This should indicate the operators will seek short term upside.
What's good in this trade is a most conservative upside target is 10%, slightly over $100. Yet, if Nasdaq rips even 60 or 70% as hard as the Dow just did, upside targets in the $107 range are likely to be fulfilled.
If Nasdaq really goes crazy bull trap to sucker in retail and gamma squeeze, then $120 is on the table.
These are big opportunities one can take advantage of, but it's hard to take advantage of them if one has their eyes on the $81.30 COVID low because Fintwitt, your signal service Discord, some guy with a Pepe avatar who claims he worked for Goldman Sachs in 1997, etc., are screaming about recession and the Federal Reserve not pivoting.
Inv Cup and handle for Apply to $100Inverse Cup and Handle has formed on Daily with Apple.
The price has broken below the brim level
The moving averages are all bearish 200 <21 <7 -
The first target is $100
CONCERNS
There are bullish signs with global stocks, which might cause a fake out.
We can also see a weak break below the brim level, which could make this analysis wrong.
FAANG Is about to go higher!Traders and Investors, FAANG index has reached an FCP zone which is also a previous structure level. This can create a good bounce up (BULL) opportunity for all FAANG stocks.
Facebook (Meta)
Apple
Amazon
Netflix
Google
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Apple bearish Till now the Apple has performed very strongly when compared to SPX and IXIC (Nasdaq). Most of the past bear markets have ended with Apple testing the 200 EMA on a weekly chart.. I think the Apple will underperform over the next few months and the stock will eventually bottom out between 80 and 90 which is below the weekly 200 EMA.