Apple Inc
Zaktualizowano

AAPL

204
Liking the setup in AAPL I’m seeing. Corrective retrace down into demand, wedged in there, with a completing 5 wave count.

If we gap up tomorrow, I will look for a retrace back into demand. This would be what I see as a healthy retrace for a 1 - 2 wave base. Ideally you want to enter on wave 3 (this is where most of the money is made!)

Game Plan: if we gap open, will look for retrace, watch price action, then enter long. If we open down, will look for a breakout from demand if this zone holds. If I see an opportunity to catch breakout, I may try and enter a small long just in case it decides to take off and not retrace. Ideally, I want the wave 1 up from demand, then retrace, make a higher low for 2, then enter long.
Uwaga
UPDATE: looks like it wanted to gap fill quick down in the 269 demand! This is why I wait for set ups to present themself. Let the set ups play out and then play; don't play FOR a set up.

We sold off right into solid demand AND filled a gap. Those are two good things I like. I entered a small long here at 269. My stop will be if we break down through this demand at 264. Again, I now watch for the 1 - 2 set up. A great way to minimize risk is to see if price pops out of demand for Wave 1, then WAIT for it to retrace back to demand but ONLY after making a higher low; i.e., if low is 267 and we pop up to 271, wait for a retrace back down to 269 area and if it holds, can enter there. This is just my opinion of a potential smaller risk play with more probability on your side.

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