- In Trading Thoughts / Economics
- Last Updated: 16 November 2013
- By Gary Caumont
AAPL looks to be in a possible wave 5 up (bulls hope)- see the following 26day 30min chart.
The chart shows a triangle targeting the 583 area (vertical line in bold representing the mouth). Also shown is a possible 5 wave move with wave 1 start to the center of wave 4 at 535 projecting a 573 wave 5 target. A move below the presumed wave 4 low at 515 cancels this target.
edit: Possible downside is horrendous if we fall below 497- a large ABC down from the 705 top targets 347.