Applesell
AAPL - Irrational Exuberance - Watch for a Pullback - Gapfiller Quick one on AAPL:
- Tagging 3 ATR on the weekly and daily time frames, suggesting that a pullback is likely
- The trend (as shown from the curved line) has gone parabolic, which is impossible to continue on that path
- Price has become detached from the 9 ema, suggesting that the run has reached a stopping point (most likely for a breather before moving higher)
- There is also a gap on the daily chart visible at around $232-$231, which is likely to be filled
My target would be around the $235 range on the daily time frame (a pullback to the 21 ema)
My broader target (requires a more substantial pullback to occur) is around the $230 range (retracing to the 9 ema on the weekly time frame).
Bear in mind that when the weekly candle ticks over, these targets will change (because they are based on the dynamic targets of the moving average).
APPLE (AAPL) Short OpportunityHi guys its Brian here with a Short setup for APPLE (APPL)
As you can see from the chart, APPL is falling down hard for 3 days straight. Long red bars like these indicate that there is a lot of volatility and selling pressure and the price is very likely to continue dropping further.
I have identified a good price level to take profit for the short term and longer term as well.
Take Profit: 190
TP2: 180-183
Stop Loss: 210.3
www.brianchai.com
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“William tell, William tell, Take your arrow, grip it well...And then: ‘A contest! Fun for all! '
Let William shoot his famous bow
At distance great and target small
And by so doing he can show
He need not bow nor ever fall
Upon his face before us all
At last a target did unveil
An apple at one hundred yards
Sir William's face grew ghastly pale
He ne'er suspected such dark cards
The apple sat on Walter Tell
The humble son of William Tell
And fixed the arrow for its flight
'No need to shoot! Just simply bow! '
Said lords who thought they'd won the fight
Against Sir William Tell who now
Should slay his only son; but right
Prevails against the darkest night
The arrow flew, but none could tell
If apple pierced or humble son
Until one or the other fell
Determined contest lost or won
The dart flew like a bat from hell
Toward Walter, son of William Tell
The apple split with such a force
No trace of apple could be found
But all the country changed its course
No longer serfs to lords were bound
And freedom rose upon the shores
Because Sir Tell refused the lords
AAPL Elliott Wave View: Ready For Next Leg Lower?AAPL short-term Elliott wave view suggests that a rally to $233.53 high ended blue wave (III) as an impulse. Down from there, blue wave (IV) remains in progress as double three structure. Where the initial decline to $212 low ended red wave W The internals of that leg lower unfolded as a Zigzag structure where black wave ((A)) ended in 5 waves at $220.20 low. Up from there a bounce to $227.48 high ended black wave ((B)) bounce. Then finally a decline to $212 low ended black wave ((C)) in another 5 waves & also completed cycle red wave W.
Up from there, the stock has been correcting the cycle from $233.53 high in red X bounce. The internals of that bounce in unfolding as Elliott Wave double three structure. Where black wave ((W)) ended at $222.25 high. Then a pullback to $213 low ended black wave ((X)) as a Flat structure. Above from there, it is expected to see more upside in black wave ((Y)).
And while bounce fails below $233.53 high we expect AAPL to extend lower 1 more time before upside renew or stock does a 3 wave bounce at least. We don’t like selling it.
'SHORT' APPLE TO GO DOWNLooking at the market in the Monthly view, it is quite easy to read current movement based on history and clear pattern it is following. Apple will continue dropping for the next 4-6months, a very good opportunity to get in on short.
Apple reached a new peak high this July/August and now it is on a retracement, but this is a good retracement to bank in on. If you look at market history you will see this is normal for it's life cycle and when it occurs, it usually lasts more or less around 6 months and this long retracement usually concludes once market hits around 50 EMA, which is represented by the White line in my chart.
So do not miss out on this opportunity in my opinion. The retracement has actually already started a few weeks ago after the peak high but plenty more down to come for a while.
For a suitable entry point to short, I suggest working with lesser time frame like on the monthly view (1M), using the MACD , Stoch RSI and CM_Ultimate_MA__MTF_V2 (combo of multiple indicators created by someone and accessible if you have pro account on tradingview).
DISCLAIMER;
Do set stop losses but be generous with how much room you allow for this due to candle wicks and there is also the possibility to hedge yourself, for more confident traders.
All comments and questions welcome, if curious about indicators I use then feel free to inquire.
Apple long-term BuyI bought AAPL when my market order was filled at 119.00, because it had exploded out of a short-term flag pattern and long-term cup and handle, and I'm going to keep my position till September on the announcement of the iPhone 8, but I would look out for the Coppock curve forming an ascending triangle meaning there could be a deceasing in price in the few months.
APPLE @ Daily @ Basic Scenarios after all-time high 2015Main DownSide Trend - 132.84 (2015/07/20) & 123.60 (2015/11/04) - BreakedUp 2016/08/01
The question i am asking myself is: "Are all bearish formation are processed - and be left behind ???"
the SellOff day in August`15
the selling pressure in january`16
the trendreversal in hune`16 & july`16
the DownSide Gap in may`16 & august`16
From there the actuallity TradingBox is essential - for higehr prices !!! `Cause it confirms only waht iam trying to explain. How ever, i am thuiking the chart speaks for itself. A good price action above 112.52 & 108.13 while the next 5 trading days next week should animate more traders to except a better development again - and even as consequence create a new upside trend into 123.79 & 119.94 at least. Before it again goes to 134.63 at least (even all-time high) and higher !?
But don`t get euphoric !!!
I am personally pretty neutral, `cause this autumn we`ve got a sideway trend under the dash ...
Only when AAPL trade this week above the TradingBox (112.52 & 108.13) this week - so in the next 5 days - i`ll get long again probably :)
Take care
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)
Best regards
Aaron
APPLE @ daily Chart @ with new Yearly High (last Monday)
from 2016-04-24 to 2016-07-26
- between 89.46 and 101.01
w-formation was created
Usually a w-formation is an trend-reversal-formation.
And this w-formation was even created under the extended downside trendline after alltime highs in 2015
132.84 (2015-07-21): start of the downside trendline after alltime highs in 2015
123.60 (2015-11-04): end of the downside trendline after alltime highs in 2015
112.71 (2016-09-23): Friday (last trading) Closed
After the breakUP of the downside trendline after alltime highs in 2015 the breakUP was etablished by two new lows
(a) even above the w-formation (101.01)
(b) even above the downside trendline after alltime highs in 2015 (102.24)
Right here right now we got a short term trading box
116.19 (2015-09-19): yearly high of 2016
112.71 (2016-09-23): Friday (last trading) Closed
111.55 (2015-09-23): intraday low of friday
To trade new yearly highs is the mid-term trading zone essentiel
False breakOUT of the downside trendline after alltime highs in 2015
112.71 (2016-09-23): Friday (last trading) Closed
112.38 (2016-04-14): highs while the false breakOU-formation in april`16
108.07 (2016-04-17): lows while the false breakOU-formation in april`16
1st target is 119.19
112.71 (2016-09-23): Friday (last trading) Closed
only if the share falls while october (or while the next 4th quarter`16)
under 103.91 (gap before the w-formation was created)
under 102.87 (gap after the w-formation was created)
under 102.47 (low after the the w-formation was created)
the big technical picture will not be constructive. So even above 102.47, even above 102.87 & even above 103.91 the big techical picture is still sugessting higher prices. Higher prices until 119.19 and higher - while this year 2016.
Long-Term BUY Signal
Meanwhile also the 100 SMA is only 70 Cent under the 200 SMA !!!
Usually a 100 SMA upside cross over the 200 SMA is suggesting also higher prices ...
112.71 (2016-09-23): Friday (last trading) Closed
102.06 (2016-09-23): 200 Daily SMA
101.36 (2016-09-23): 100 Daily SMA
Take care
& analyzed it again
- it`s always your choice ...
Best regards
4XSetUps