10 Days ago, we wrote AAPL: Still Room to Go Up! and stated that it needed a move towards $117 – $120 to complete an intermediate 5-moves up from the lows. Apparently, buyers exhausted all their power to extend wave 3 more than 262% extension (normally 162%) and wave 4 needed to correct more than 23% of wave 3 (see chart below).
Currently, we have an A-B-C structure for wave 4 and it is exactly 38% of wave 3
AAPL 4H Chart – April 25, 2016
This week, AAPL should ...Read More