Hi traders,
We are going to take a look at the Apple chart in this post. From Jan. 4 2022 high of 182.94, Apple started a zigzag as the first leg of correction, then had a flat correction for wave X, and on Jun 16th, I believe it completed another zigzag as the second leg of correction. Right now, we are in the process of developing the second wave X. The breakout of the the downward trendline is very important and can happen on Tuesday. I consider the 150 supply zone as a potential target for this wave X, which is also the 0.414 retracement of y.
We are going to take a look at the Apple chart in this post. From Jan. 4 2022 high of 182.94, Apple started a zigzag as the first leg of correction, then had a flat correction for wave X, and on Jun 16th, I believe it completed another zigzag as the second leg of correction. Right now, we are in the process of developing the second wave X. The breakout of the the downward trendline is very important and can happen on Tuesday. I consider the 150 supply zone as a potential target for this wave X, which is also the 0.414 retracement of y.
