Bearish APPLE at 149 for 135

18 thg 7, 2017

I see 5 waves down in AAPL from its all time highs to 142.20$ and 3 waves back right at the 61.8% Fibonacci retracement and Daily cloud resistance. We are currently in an area where the corrective sequence could already be complete or near completion. I now expect another sequence of 5 waves down that will at least make a new lower low below 142.20$. Most favorable target area is around 135$. A rejection from cloud resistance and a move back below the Daily Kumo will be a bearish sign and will increase chances of my bearish scenario. A break above 156$ will diminish the chances of this bearish scenario. I'm shorting APPLE here with 156$ stop.