AAPL | Wave Analysis | potential bulltrap expanding triangleWave Analysis with price action and chart pattern trading
>A potential bulltrap scenario with fake bb line breakout with d wave of expanding triangle in major wave III.
> wave d - targeting at price rejection zone 1.0 - 1.272 fibonanci extension of wave a
> wave e - tp1 small wave a of e correction pattern possible target 1 at 0.618 retracement of wave d @ ma50w zone
> completed major wave IV correction, targeting wave e tp2 small c of e leg correction bearish scenario at 1.0- 1.272 of wave d @ ma200w to complete.
> before moving into motive wave 5 @ 1.618 fibononci length of major wave I. 210 - 220 USD zone with an estimated +60 - 70% upside.
Always trade with affordable risk and respect your stoploss!
Good Luck
AAPL
AAPL - Breakout Rising Trend Channel- AAPL has broken through the floor of a rising trend channel in the medium long term.
- AAPL has given a positive signal from the inverse head and shoulders formation by a break up through the resistance at 157.
- Further rise to 193 or more is signaled.
- AAPL has support at 151 and resistance at 175.
- Overall assessed as technically positive for the medium long term
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
*Chart Pattern:
DT - Double Top | BEARISH | RED
DB - Double Bottom | BULLISH | GREEN
HNS - Head & Shoulder | BEARISH | RED
REC - Rectangle | BLUE
iHNS - inverse head & Shoulder | BULLISH | GREEN
Verify it first and believe later.
WavePoint ❤️
AAPL Key Resistance Levels | QQQ & SPY Analysis | CPI May 10th- AAPL in sell zone now lots of resistance above it.
- a little bit of a red flag was the huge move off the open and then complete sideways throughout the entire day
- QQQ double top at its recent highs
- SPY double top at FOMC reactions high
- CPI data May 10th 5:30am PST
- MSFT confirmed bull flag
Apple Inc.'s Stock Breakout and Future PossibilitiesApple Inc. (AAPL) has been a major player in the technology industry for decades. With its innovative products and constant growth, it has consistently attracted investors looking to gain from its success. In this update, I'll dive into the recent breakout of Apple's stock from its previous channel, the potential for further growth, and the need for caution in the face of overbought indicators.
The Inverted Head and Shoulders Breakout
In a previous update, I discussed the possibility of Apple's stock breaking out of the channel it had been trapped in for over a year. The inverted head and shoulders pattern that emerged broke out at $156, initially targeting $168 with a stretch target of $172 to $179. Against many expectations, AAPL has continued its upward trajectory, reaching a high of $174, marking a considerable increase from its bottom of $124 in June of the previous year.
Wave Structure and Potential Targets
From a wave structure perspective, it appears that we are currently witnessing the completion of a larger corrective move. However, identifying a clear 5-wave impulse from the lows proves challenging due to the corrective chop that occurred right in the middle of the inverted head and shoulders pattern. A possible target, based on this analysis, is $177, which is already within close range.
Caution Advised in the Face of Overbought Indicators
While the recent performance of AAPL has been nothing short of impressive, it is essential to exercise caution as numerous indicators on higher timeframes are pointing towards overbought conditions. Apple's stock has skyrocketed since hitting its bottom last June, which could be a cause for concern.
As we move into the next week, it is advisable to remain cautious, as there is a possibility of a more significant pullback in equities in the coming weeks. Investors should closely monitor market conditions, technical indicators, and any new developments that may affect Apple's stock performance.
AAPL, will be the deciding market moverIt's currently still at resistance in my books, after convincingly beating the traditional bear market resistances (typically a very bullish indicator) but since this bear market has been prolonged we have to raise these resistance lines and the last white one is coinciding with the W pattern resistance upon which if completed should indicate a further break out, for both NDQ and AAPL, if rejected, well, you know what it means.
AAPL Earnings Beat $170 Key Level | Bank Fears | QQQ Analysis- AAPL short under 170 long over 170
- Regular trading hour for AAPL will be key to the direction, lots of calls bought for 170
- SPY double bottom today key level of support
- QQQ bounced off key support at 315
- AMEX:KRE made new lows XLF still weak
AAPL Apple Options Ahead Of EarningsIf you haven`t bought AAPL here:
Then analyzing the options chain of AAPL Apple prior to the earnings report this week,
I would consider purchasing the $167.5 strike price Puts with
an expiration date of 2023-5-19,
for a premium of approximately $3.37.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
FOMC Summary | QQQ & SPY Analysis | KRE & PACW Bust | QCOM ER- FOMC Summary: 0.25bps hike today, Powell saying no cuts this year may made the market a bit red but he said that last time too. I personally think it was because market participants this time wanting to hear a pause due to it being so price in but he didnt say any of that so market went down.
- QQQ bounce off of Key support yesterday but broke below today
- NASDAQ:QQQ and AMEX:SPY both below 12 EMA
- NASDAQ:PACW NEWS wanting to sell its entire bank AH, causing market to drop
- NASDAQ:QCOM ER saying lower demand on phones made NASDAQ:AAPL drop
Will Apple become a safe haven in the banking space? With these types of major simple moving average crosses, Apple has a robust momentum moving forward from a technical analysis point of view. If a recession does show itself, just like in the 2008 financial crisis, Apple could be considered a haven trade. Also, AAPL could be looked upon as a potential bank in a strange way. As Apple Pay seems to dominate the financial space with Goldman Sachs backing the company, it is quite possible this could be an accidental growth driver for Apple. This may be true when you look at the banking crisis that is currently unfolding.
TRKA watch this move at 13:30 est time!Timed market response I like making these..... Maybe it doesn't do anything. but I saw that it was poised on my fav number candle and that means its about to go.
by iCantw84it
05.02.23
AAPL - Time for a Correction??NASDAQ:AAPL Has rallied 35% this year and is coming into Earnings this week.
Most of the other Tech giants have reported and have had rallies, Is AAPL going to continue this or are we due for another correction to get long.
If its really bullish like the last move a move back to 160 would be all we get. If it breaks through these levels then 150-155 is the next level.
There are smaller patterns completing around 170-171 so these are the levels to watch.
US Interest rates this week which will give a bit of volatility and the VIX is at very low levels not seen since 2021.
These are the conditions setting up this week.
Enjoy the week.
ENPH has been great, lets squeeze some more trades out of itENPH has been very busy dropping from $320 to 190ish. Called the bounce last week before the weekend from $210 to 187-190s. Obviously in a downward trend but man this thing can move. If you didn't know you can see one of the institutionals' dumped their shares over the last couple months. Check the chart at the bottom see the ramp up of volume. That's the supply taking on inventory at an over excessive rate. which starts the downward plunge from the $320s. Now as it approaches phase C (the part of the trade where smart money decides to pick this back up or let it go) At this price it might need to dump more to be more attractive. I used ChatGPT to make my own indicators and the ESVO is a way of looking at price and volume normalized. This opened my eyes to some things happening on the chart, I Never noticed before. But you can actually see the profits being taken, stop losses being hit, fomo kick in... watch supply and demand spike while the price action is unfolding. Using Higher and lower time frames you can get great idea of whats happening in the market. when demand is spiking or when supply is oversaturated. Key areas where stop losses are being broke you get a massive spike on the chart with the indicator, which sheds light on what you need to focus on at that moment. If its spiking 5x larger than normal, it means shares are being bought and sold at a rate extremely larger than normal. Meaning, if price action is bullish, and this happens: 1. if Price action continues to move up at a 45 degree angle durring this surge of shares, your stock is very bullish and its about to pop once it clears out all the shares. 2. If price action starts to look weak, it will take a dip and do a mini re-accumulation depending on time frame it could be 5-17 candles. 3. if Price action was already weak and it spikes (basically consolidating or long range consolidation) Price will most likely go right into distribution mode and drop to the next control box or node.
Another way to use this is just like you would an EMA, if price crosses it, it will most likely be very aggressive as it goes across and continue or pull back to bounce off the ESVO before continuing its new trend.
When the lines are flat it means everything is avg or balanced which doesn't happen very often. Its not uncommon for Price to have to attempt to cross one of these three times before succeeding.
If it fails while trying to cross it will most likely pull back and try with more volume. At this point pay attention to if the volume continues or dies off. Sometimes Crossing is the catalyst that sends it moving higher or lower.
A lot of the time your highest area of volume and price is where these lines will oscillate or go flat across.
There is literally an indefinite amount of ways you can use the ESVO. I set one to a certain setting and based on what price action is doing around the ESVO I can wait for an indecision and know its going up or down on higher time frames. Which is great for finding trade setups.
Anyways, let me know if you have any questions. If any of these ideas peak your interest pls like/ follow/ sub/ and most of all pls Boost so we can all enjoy watching it prove me right or wrong.
Thanks again.
by iCantw84it
03.30.23
Apple to EXPLODE or TANK after earningsLooking at Apple's chart on the hourly.. I believe we are going to grind higher heading into earnings and after earnings. I have drawn 2 channels with the blue channel being the more "macro channel" and the white channel being within the blue channel and that is what we are in right now. I am looking for a breakout of the white channel and to extend higher to HKEX:180 and more.... I will be cautious if we fall out of both of these channels because if that is to happen.. don't count it out.. we will look for Apple stock to tank.
$SPY - Pivotal Week ⚠️ AMEX:SPY experienced a significant sell-off at the beginning of the past week, followed by a strong bounce near YTD highs. Undeniably, technicals appear bullish due to the strong bounce, particularly with TVC:VIX volatility subdued. However, given the upcoming #FOMC and NASDAQ:AAPL ER, I'm watching for volatility to resist further suppression.
This pivotal week will help determine the future price direction. The momentum we saw at the end of the week does not imply a bullish cycle, and it may continue to shake out bears as it crosses the key level around 415.
A potential reversal could occur at the YTD high (near 417), especially with FOMC around the corner. This scenario isn't guaranteed, but I would caution on taking long positions at these levels. Watching for higher price discovery to offer a better risk-to-reward setup to ride into sell strength.