AAPL trading in rising wedge and pennant!

17 Mar 2018

AAPL is trading in one rising wedge, dating back from 2012 (blue lines) and one rising pennant (red lines), during March. Rising wedges and pennants are a sign of weakness. Last week, an important support line has been broken. 1st TP $164 (0,618) and below is possible (Flat-pattern).

18 Mar 2018

Not

See below on 15min a more detailed view.

18 Mar 2018

Not

18 Mar 2018

Not

There might be a retest of the blue resistance line, because there is also another Pennant pattern (blue dotted). A small wave 2 would also be possible.

18 Mar 2018

Not

See below on 1min

18 Mar 2018

Not

18 Mar 2018

Not

Make your choice and trade carefully!

24 Mar 2018

Not

24 Mar 2018

Not

AAPL at Fib 0,618 ($164) of leg "a" (blue): This is not the end of this correction! If AAPL finds enough support at this level on Monday and Tuesday, there will be a little run, to retest the blue dotted line. (Probable FailedFlat-pattern). A realistic target could be Fib. 1,000 ($153,30). (Preferred Flat-pattern)

24 Mar 2018

Not

A further possibility could be, that this wave "c" is extended (1,618 of wave "a")! TP for this would be $136,85.