According to the recent drop in Apple's (
AAPL
) stock price, I think it's time to publish my analysis by considering the Elliott wave pattern, which you can see in the above chart.
Before you study the idea, it's important to know if in cases price crosses each of $200 resistance line, upward, or $137 support line, downward, and then fix, it may continue its trend.
As the bold curved arrow shows up, soon after completing the rising trend, upon the price touch the $200 resistance line, it'll react and fall to $137 support line, which, according to my calculations, I've predicted the $137 bottom on February 20, 2020.
Then, I think the price will start to improve in the response of touching $137 support line, so I decided to draw the most probable case which may happen after this touch, using another curved arrow.
Thanks for your attention.
Comment your comments, like If you agree with me, share if your friends have invested in
AAPL
.
Regards,
Ali Seyyedi
AAPL
) stock price, I think it's time to publish my analysis by considering the Elliott wave pattern, which you can see in the above chart. Before you study the idea, it's important to know if in cases price crosses each of $200 resistance line, upward, or $137 support line, downward, and then fix, it may continue its trend.
As the bold curved arrow shows up, soon after completing the rising trend, upon the price touch the $200 resistance line, it'll react and fall to $137 support line, which, according to my calculations, I've predicted the $137 bottom on February 20, 2020.
Then, I think the price will start to improve in the response of touching $137 support line, so I decided to draw the most probable case which may happen after this touch, using another curved arrow.
Thanks for your attention.
Comment your comments, like If you agree with me, share if your friends have invested in
AAPL
. Regards,
Ali Seyyedi