The chart says it and so I'm posting for my own records. Seems like Apple is showing a possible steep decline coming. This would be an retracement of 160 to 151 or so by tomorrow Nov 24 or 26. Not sure how likely this is, but could be a leading indicator of a more broad decline forming. Something to watch. Using Dec 3 @ 160p
Expecting a possible rise late today/tomorrow and then a continued drop through Dec 3 down to sub 320s and maybe 310s or 285 in an extreme case. Using Dec 3 330p
long term bullish on tsla is primary trend holds (orange line) but it's about to reach a major pivot point. Expecting retracting price to large upward movement.. or nice drop to 850s by EOY.
125 incoming quickly, 140 to 150 expected by Jan but those are guesses. A radius trend has been very strong for big movements on many equities.
Looking at a macro trend from 2014 (orange) and a current trend (purple). If the current trend breaks, using the macro trend as a short price target. Near-term, expecting retracement to 150 then maybe zig-zag until dropping to macro trend line at 130s? Near term expecting bull position to be ATH by Dec 17 if this holds. I think it breaks down.. if the debt...
A quick update to an expected short pattern. Oddly fast decline in sp, so not very confident in this but the chart is showing that it's quite like imo. * be careful but about time.
400 to 402 is a breach of the major trend lines. If these break, it is short lived and the greater the breach, the more likely the lower trend line is touched. If the upper blue line is respected and rejected from, then the middle blue trend line is the short price target before reassessing macro conditions and possible rebound upward
targeting approximately 5 to 10 trading days after contact with orange macro trend line for major price drop. daily channels are typically within the parallel blue lines and a lower bounded channel for the bottom of larger price corrections. If the lower bound breaks, look out. Has not happened yet and but expecting a price target of 465, 450, 420, and 400 when...
Looking to bounce, then possibly up or a downward break to 220s. Macro conditions need to be reassessed when it touches the radius. Recent trend is steep upward movements on contacting the radius.
This strong trend has been in place for a long time. If broken, vol shelves may attract the price to fill their voids. Keep in mind that the largest volume gaps are lower in sp
This could rise off of trendline but if radius is broken be mindful of a correction to the macro trendline before next movement up. If the larger trend is broken, be very careful...