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APPLE Buying The Dips in 3-7-11 Swings


Hello fellow traders. Another trading opportunity we have had lately is long trade in APPLE . In this technical blog we’re going to take a quick look at the Elliott Wave charts of APPLE published in members area of the website. As our members know, the stock has had incomplete bullish sequences in the cycle from the February 2018. low.  Break of  June 7th peak, has made that cycle incomplete and opened further extension to the upside. Consequently, we advised our members to avoid selling it and keep on buying the dips in the sequences of 3,7,or 11 swings.

APPLE 1 Hour Elliott Wave Analysis 7.30.2018

Current cycle analysis suggests APPLE is bullish against the 189.01 pivot in first degree. While that pivot holds, wave (3) is ideally in progress. We got clear 3 swings from the peak, completed right at equal legs area at 204.7-203.9 (buying zone) . As far as the price holds above current short term low 204.68, we’re calling pull back completed there. As we already got decent bounce, we advised members to put Stop Loss at Break Even point and make positions risk free.  If the price takes alternative path and makes new low, we will be out of the trade without losses. In that case APPLE will most likely make 7 swings from the peak and gives us opportunity to make long entries again.

APPLE 1 Hour Elliott Wave Analysis 8.14.2018

The price has made further separation up and wave 2 red low held nicely during short term pull back ((ii)) . Finaly we got new short term high, that has given us confirmation that next leg higher is in progress. As the main trend is bullish we don’t advise selling the Stock in any proposed pull back. We like staying long and risk free from 204.7 area and keep buying the dips in 3,7,11 swings when get chance.

Keep in mind not every chart is Trading Signal. Best instruments to trade are those having incomplete bullish or bearish swings sequences. We put them in Sequence Report and best among them are shown in the Live Trading Room.

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