Looking at our previous analysis on APE it breaks out earlier than predicted reaching it previous high and now it will retrace by 62% Fibonacci or 78% before we can see another uptrend.
The next uptrend as you can see from the chart will test the new resistance level one or few time before breakout to reach the Elliot wave 3 which according to Fibonacci extension tool, 100% minimum (could go further) is around $19.450.
The next uptrend as you can see from the chart will test the new resistance level one or few time before breakout to reach the Elliot wave 3 which according to Fibonacci extension tool, 100% minimum (could go further) is around $19.450.