Since the $AAPL top-call back in February 2015, Apple has tanked 22%.
The market traced the 4,5,4,5 patter that i indicated, to finally top on July 20 from a count perspective. April 28th marked the all time high but as per the count i will use the July 20th for the start of the bearish count.
Since the top, it seems like we could be unfolding either of 2 patterns both bearish.
1. A and B is complete with a 1-2 of C complete and 3-4-5 pending.
2. ABC X AB complete with a C pending.(not shown on the chart)
Either way prices should fall below the $80 level or maybe even to the $68 level.
The market traced the 4,5,4,5 patter that i indicated, to finally top on July 20 from a count perspective. April 28th marked the all time high but as per the count i will use the July 20th for the start of the bearish count.
Since the top, it seems like we could be unfolding either of 2 patterns both bearish.
1. A and B is complete with a 1-2 of C complete and 3-4-5 pending.
2. ABC X AB complete with a C pending.(not shown on the chart)
Either way prices should fall below the $80 level or maybe even to the $68 level.
