Posted by limitless on 15th of Jun 2013 at 05:23 am
Thanks Matt to point this out. Agree. I have been eyeing this
HNS. Volume is also confirming same! do you agree?
Also a possible EW count of 1-2,1-2 from the head bottom.
The first wave-1 fulfills an impulsive up 5 waves count. Wave-2
retracement for The first RS is very close to the 61.8%
fib.
The 2nd wave-1 is not so impulsive (although we could count 5
waves with a complex 4th wave triangle). Wave-2 retracement for the
second RS here is deeper near the 78.6% level, which is still
acceptable.
IF above observations are correct, price should take off from
here. Also to note is that AAPL usually gaps up on Mondays IF the
price has to take-off.
IF not, There is still a possibility that price could go a
little lower to near the 418.90 low to form a double bottom?
AAPL comments
Posted by matt on 14th of Jun 2013 at 04:46 pm
AAPL - Chart Link Could a AAPL the forming a complex inverse Head & Shoulders pattern??
AAPL inverse hns+EW counts confirming !
Posted by limitless on 15th of Jun 2013 at 05:23 am
Thanks Matt to point this out. Agree. I have been eyeing this HNS. Volume is also confirming same! do you agree?
Also a possible EW count of 1-2,1-2 from the head bottom.
The first wave-1 fulfills an impulsive up 5 waves count. Wave-2 retracement for The first RS is very close to the 61.8% fib.
The 2nd wave-1 is not so impulsive (although we could count 5 waves with a complex 4th wave triangle). Wave-2 retracement for the second RS here is deeper near the 78.6% level, which is still acceptable.
IF above observations are correct, price should take off from here. Also to note is that AAPL usually gaps up on Mondays IF the price has to take-off.
IF not, There is still a possibility that price could go a little lower to near the 418.90 low to form a double bottom?
Hope it helps.
checked max pain on AAPL,
Posted by himsa on 15th of Jun 2013 at 04:43 pm
checked max pain on AAPL, and it looks like the max pain is around 460...