Showing posts with label #elliottwave. Show all posts
Showing posts with label #elliottwave. Show all posts
Saturday, July 23, 2016
Thursday, June 2, 2016
Apple: More downside coming
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.
Labels:
#elliottwave,
$aapl,
Apple Inc.,
Elliott wave
Location:
Dubai - Dubai - United Arab Emirates
Sunday, November 29, 2015
Google through the Elliott Wave filter
A sizable pullback in google is due. The stock seems to have topped at 762.50 on 23rd November. There is still a chance of a minor move higher 773 maybe to complete smaller level counts but the bigger picture is firmly in place and calls for a significant decline below 560 within the next few months.
From the daily chart below wave red V that started in Jan 2015 is complete with a 3-3-3-3-3, 5 wave ending diagonal.
The Monthly chart below paints the larger 5 red waves and might be open to a later reinterpretation, but the short term view is still points to a significant decline.
From the daily chart below wave red V that started in Jan 2015 is complete with a 3-3-3-3-3, 5 wave ending diagonal.
The Monthly chart below paints the larger 5 red waves and might be open to a later reinterpretation, but the short term view is still points to a significant decline.
Labels:
#elliottwave,
$goog,
$googl,
Elliott wave,
equity markets,
Google
Location:
Dubai - Dubai - United Arab Emirates
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