Super Cycle Over...Wave Counts suggesting that Apple has potentially completed a super cycle and may be in for a very long corrective period which could be years-decades.
AAPL trade ideas
AAPL CURRENT VIEWIn the chart, I have indicated the current view and sequential targets of Apple stock. It is not investment advice. You may lose money.
APPLE $AAPL - Feb. 23rd, 2024APPLE NASDAQ:AAPL - Feb. 23rd, 2024
BUY/LONG ZONE (GREEN): $187.15 - $196.20 (can be extended to 185.00)
DO NOT TRADE/DNT ZONE (WHITE): $181.50 - $187.15 (can be shortened to 185.00)
SELL/SHORT ZONE (RED): $175.40 - $181.50
Weekly: DNT
Daily: DNT, Lean Bearish
4H: Bearish
Currently would not enter in Apple, NASDAQ:AAPL , as I believe the current zone is untradeable, but something I would be looking for in the next week or so. Bulls could enter around 187.15, but an earlier entry might be above the current daily candle (also the current 4h structural high) around 185.00 or at the top of the bearish zone at 181.50. I did draw a bearish zone although I personally would not be looking to go short. The daily timeframe is lean bearish because the most recent level break was to the downside, weekly would need to see a new low (lower than the most recent two weeks) or a close below level 181.50 to be switched to bearish. 4H has strong bearish structure despite seeing two green days out of the last three.
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!
$AAPL History repeats itselfLooking at the previous price pattern, it appears that similar pattern has appeared recently and when it hits the demand zone, it goes straight up. Let's monitor this. Super long if history repeats itself.
Magnificent Seven Price vs volume (uh oh)Volume don't lie, and volume profile since this wide and tall rally began in 2020 says that this is the top. I put all Mag 7 on this chart, they are parabolic. Volume is a needle at the top, exhaustion.
It appears that the Mag 7 are so big, that they have huge price search runs, and also huge failures. Look, the last trough was 55%. And no one thought the sky was falling. This rally is on much thinner volume, went way higher, and probably will fall less, but it will fall.
I trade futures and the price action on this rally has been terrible. Tight jittery ranges, exhaustion then a last second turn. That can only last so long. Now we have a rate decision in June and like it or not, that's a time target. And we're over extended. And Mag 7 index is a Doji on the WEEKLY.
I'm not that experienced a trader, but what I have learned is that volume doesn't lie, weekly candles don't lie, and big changes happen slowly. This entire week shows us that it's a possible and likely top. It's kind of obvious. Does that mean a bubble? Anything is possible, but if it happens the market will crash 80% after, not 30%.
Bears see the weakness, they want to run this market into June and try to break through the bottom of the high volume area around 3700. Don't go thinking that sounds low. The Mag 7 are trading like small cap stocks, and the price range on the index is going to reflect this. It's not dangerous, it's just the new normal until it isn't.
That's my guess.
Yep, this is a very bullish signMACD, RSI indicators suggest that the price of Apple stock will rise from its current level to $180. This is reinforced by the formation of an inverted hammer candlestick pattern. The 180 level could serve as a critical resistance point, but if the price were to break through this level, it could bring further upward momentum.
If it reaches the $180 level, the same thing will happen as in November 2023, as indicated on the chart, breaking through the level.
Considering that the price has previously broken through the $180 level, such as in November 2023, this level could now act as possible support. This could mean that the price might retrace to the 180 level and then continue its upward trend from there.
APPLE: Great Trading Opportunity
APPLE
- Classic bullish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Long APPLE
Entry - 170.73
Sl - 166.42
Tp - 181.41
Our Risk - 1%
Start protection of your profits from lower levels
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Apple Market Analysis (AAPL): Evaluating Potential Scenarios 📉 While we're not ones to conjure doomsday scenarios or firmly believe in them, it's undeniable that some charts, stocks, commodities, etc., have the potential to plunge significantly.
Apple NASDAQ:AAPL is one such example. It's essential to clarify that we don't primarily anticipate a 40 to 50 percent drop in Apple's stock price. However, we must acknowledge the possibility.
🔎 Our primary analysis suggests we're dealing with an overarching Wave (3) (in blue) and currently in Wave (4). The question is whether Wave (4) has already concluded at the $124 level with a zigzag-flat movement, or if we might dip lower for Wave (4). There are two possibilities, especially since Wave 1 aligns precisely with the 127 percent level, which is the target for an Expanded Flat. The structure towards the red Wave 1 doesn't distinctly resemble a 5-wave pattern, keeping the second scenario very much in play. If this occurs, we expect prices to reach at least $124, potentially dropping further towards $100.
If we assume that it's indeed a Wave 1, lying coincidentally around $200, we might be dealing with a normal flat structure. Both Wave ((a)), showing a triple structure, and Wave ((b))are at the level of Wave 1, leading us to anticipate Wave ((c)) reaching the level of Wave ((a)). However, a deeper fall is still plausible, ideally stabilizing at the 61.8% level. Anything below this would significantly alter the potential Wave (4) scenario, and we would wait accordingly.
✅ Over the next days, we'll continue to monitor the chart, ready to send out a limit order for this setup if it materializes.
📉 Looking at the potential doomsday scenario, particularly a possible Wave II. This Wave II could reach between 50 and 78.6%. Assuming Wave A as Wave II, as shown, is quite a gamble since it doesn't even reach 38.2% of the total course since 2009. Also, Wave B, as an overshooting wave, precisely hits the 127% retracement from Wave 5 to Wave A, suggesting an extended Wave II correction.
📈 If, however, we surpass $205, this scenario becomes invalid, indicating a continued upward trend. Unless we break this level, there's still a possibility of dropping below $100, a precarious position for Apple. But then, as this is part of Wave II, a significant, long-term rise for Wave III should follow. Whether this happens remains to be seen in the coming months, laying the foundation for either a downward correction or a continued uptrend.
APPLE: 2 plans, 165,24 is critical, next week to be monitored Apple has experienced some weaknesses at the beginning of the year.
At the moment, there are 2 scenarios for future trend, in both cases we expect in the short term a push back up.
By monitoring the strength of it, we will be able to understand in which of the two cases we are.
165.24 is the key price that if it will be broken....
Hope you enjoy the video.
Get in touch with us for ad hoc analysis!
Apple's Bullish TrendNASDAQ:AAPL recently bounced off the $180 support level and building a bullish trend to the upside suggesting that Apple's stock price is poised for further growth.
One of the key drivers behind the bullish sentiment is Apple's continued dominance in the smartphone market. With the recent launch of the iPhone 16 series, the company has once again demonstrated its ability to innovate and stay ahead of the competition. The new lineup has been well-received by consumers and is expected to contribute significantly to Apple's top-line growth in the coming quarters.
With a strong product lineup, a growing Services business, and a solid financial position, the company is well-positioned to reach the $197 price target in the coming months. Taste The APPLE!
#APPLE
Key support zone - Swing watchKeep an eye on this key area of support for AAPL.
Potential swing watch
Quick Short For $AAPLAs you can see, NASDAQ:AAPL just performed a double top, with price currently ready to break the neckline.
I am shorting now till 138.92 (You can wait for neckline retest after break)
$AAPL so far with nice price action indicating possible bottomI've learned not to count my chicken before they hatch. NASDAQ:AAPL not out of the woods yet, but close. Trade safe.
Buying Opportunity for AAPL!Buy zones:
166
157
RSI double bounce on oversold end
PE 26 relatively cheap (vs 31 average)
AAPL Pullback due to lower sales in China and Huawei competition
Good entry
AAPL - 1H - BEARISH FLAG - SHORT POSITIONIn this chart we have spotted Bearish flag with expectation it will go down. we take reasonable size entry & exit points. But thing is missing which is DIVERGENCE
Time to short AppleApple Stock Analysis - March 7, 2024
Closing Price: $169.00
Daily Chart Insights:
The daily chart reveals that Apple’s stock price is nearing the dynamic support line. At $169.00, it’s hovering close to this critical level.
However, there’s a cautionary signal: the appearance of a yellow cross, indicating strong downward momentum. This suggests that Apple might decline significantly, potentially going below $166.55 before any meaningful pullback.
If the price indeed falls below $166.55 and the yellow cross persists, the previously supportive level could now act as resistance, potentially driving the price even lower.
Weekly Chart Observations:
On the weekly chart, Apple still has room to fall. The downtrend appears to be intact.
Selling volume remains high, indicating sustained bearish sentiment.
Potential for Further Decline:
Considering recent news and technical signals, there’s a possibility that Apple’s stock could drop all the way down to $152. Here are some factors supporting this claim:
Barclays Analyst Downgrade:
Barclays analysts recently cut their rating for Apple due to concerns about weak iPhone sales. This downgrade has raised questions about whether Apple’s shares can sustain their record surge. As a result, the stock dipped by 3%.
Slippery Start in 2024:
At the beginning of the year, Apple faced a slippery start. It was downgraded to “underweight” by Barclays, with an adjusted price target of $160—a 17% decline from the previous closing price of $192.53.
Supply Chain Concerns:
Investors were spooked by new supply chain concerns. A key supplier suspended some of its manufacturing operations in China, leading to a 2.7% drop in Apple’s stock price.
Ming-Chi Kuo’s Report:
Analyst Ming-Chi Kuo released a report indicating that iPhone shipments could decline by as much as 15% year over year. This news further adds to the bearish sentiment surrounding Apple’s stock.
Given these factors, it’s plausible that Apple’s stock could indeed fall below the current levels.
aapl → are you ready for a dump?!hello guys...
as you can see apple engulfed the last support and demand zone as a flip area!
on the other hand, made two QM patterns! we can consider it as QMC and QMR too!
those two blue areas are great for getting short positions!
target is 181.6 and 171.3.
______________________
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Apple (AAPL): Rangebound with Support in Sight?Key technical levels and potential price swings for Apple stock.
Apple (AAPL) has been trading sideways within a well-defined range of roughly $168.25 - $197.30. The recent price action has seen the stock gravitate towards the lower boundary of this consolidation zone.
Technicals hint at a potential reversal:
Given the stock's close proximity to support around $168.25, a rebound back toward the weekly pivot point could be on the horizon. This would align with a return to the midpoint of the established trading range. Additionally, the presence of a double-top pattern near the upper end of the range bolsters the support argument.
Breach of support could trigger a selloff:
However, a break below the critical $168.25 level could ignite further selling pressure, potentially pushing the stock lower. Notably, a breakdown below the neckline of the double-top formation would provide a strong bearish signal, significantly increasing the likelihood of a more substantial decline.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please conduct your own research before making any investment decisions.
AAPL Bear is taking over.. Avoid BuyAAPL is one of the easiest stock to trade which able to easily detect by MCDX
Whenever there's Buy Turtle Signal (B) with BUYING Volume / Banker, it is likely that AAPL will go up..
likewise, if there's Sell Turtle Signal (S) with SELLING Volume / Retailer, then it is very likely that AAPL will go down... Recently Selling signal is out with Significant Selling volume detect in MCDX..
AAPL Double RetracementOn January5th we'd retraced the uptrend the first time and finished the attempt to change the trend on January 17th with another just retracement. The rise that has followed after this failed attempt has been corrected by over 38 % just today. I consider the trend being still positive and expect another attempt to rise within this week.
What do you think about the AAPL Weekly chart?Scenario 1: Continued Ascent Towards $200
This scenario hinges on several positive factors. Firstly, strong iPhone sales, driven by the upcoming release of a highly anticipated new model, could significantly boost revenue. Secondly, the continued growth of Apple's services segment, including iCloud, Apple Music, and App Store, could provide a reliable source of recurring income. Finally, positive developments in the metaverse and augmented reality (AR) spaces, where Apple is heavily invested, could lead to significant future growth opportunities.
Scenario 2: Sideways Consolidation
This scenario assumes AAPL remains within a specific price range for an extended period. This could occur due to several factors, such as:
Market uncertainty: Global economic concerns or geopolitical tensions could dampen investor sentiment, leading to a cautious approach towards growth stocks like AAPL.
Valuation concerns: While Apple remains a strong company, some investors might believe its current valuation already reflects its future potential, limiting significant near-term price appreciation.
Waiting for a catalyst: Investors might be waiting for a clear trigger, such as a major product launch or positive earnings report, to push the stock price higher.
Scenario 3: Price Correction Towards $125
This scenario, while less likely, cannot be entirely discounted. It could materialize due to:
Disappointing earnings: If Apple falls short of analyst expectations in its upcoming earnings report, it could trigger a sell-off, driving the price down.
Supply chain disruptions: Continuing supply chain issues could hinder iPhone production and sales, impacting revenue and investor confidence.
Increased competition: The tech landscape is constantly evolving, and new players or innovative products from competitors could challenge Apple's market share and profitability.
It's important to remember that these are just potential scenarios, and the actual future of AAPL is uncertain.
