WHERE IS THE BOTTOM OF $Apple(AAPL)$ ? WHEN IS THE CORRECTION OVER ? WHERE SHOULD I BID ?π¨π¨
π $Apple(AAPL)$
β 1D Chart Outlook
$Apple(AAPL)$ still looking great here after a Break of Structure (BMS) on Daily timeframe which indicate that the stocks are bullish still and will continue its upward trend after the minor correction. If we drag Fibonacci Retracement from last Swing Low (SWL) to last Swing High then we could see get some points of possible retracement and bounce area.
We could also see EMA 200 catching up precisely close to the 50% fibonacci and also a high volume there.
So here is call for $Apple(AAPL)$ :
Iβm optimistic that price will visit the 50% fibo area that is around $229 - $227 (good bid area).
Short term target if it bounce is $245-$247 level.
β Below is closer look to 1-hour Chart Analysis .
In the smaller timeframe price is still Bearish, but always zoom out to the real trend, cause small timeframe is just a noise. Previously thereβs a gap in the correction but is closed now, so it is a data that support and telling that price will continue to drop to the βbounce areaβ I mentioned. Not wise to short here, better wait for further confirmation.
Analysis is base on my view combining the Multi-timeframe analysis and not to be a financial advice. Cheers !
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