AAPL. Shark pattern and triangle breakout target new ATH

My previous idea on Apple shares was based on a wave count which resulted on a huge Stop-Loss. Shorting Apple on a growing market was not a good idea... Thankfully, I achieved to hedge the losses with two Options plays on revenues publishing.

Now, how many green candles left? I believe, Apple may top between 161 and 163 values. Have two strong reasons for this statement:

1. A completely valid Shark pattern whose 224% extension targets 162.80.
2. A triangle, broken to the upside, which breakout targets a very similar value.

Currently, RSI indicator on a weekly timeframe shows as overbought, thus we will probably have a correction before the market continues setting new All-Time-High values. I will search for longs on some significant level that will show important resistance, probably 122 zone may be good for the purpose.

Commentaire:

Harmonic patterns start to work so probably it is slowing down, preparing a healthy correction

Trade fermée: cible de profit atteinte:

Lets see what happens now