$AAPL has hit our Wave A level this week on the 0.38 Fib, so we must consider that the ABC correction is on the cards here.
The good news is that I expect a bounce here for Wave B and a retest of the 200 Day MA at $227 or the blue line at $237 is a possibility next.
An rejections at these levels and those who hold a position here should consider trimming in order to add again when Wave C completes in the Buy Zone.
No rejection at $237 then continue to hold and we'll see if the Melt Up level can play out.
Trimming at Wave 5 complete or Wave B complete is the same for me and I would trim -50% of my position.
Scott Williams
2025-03-16 20:11:49 +0000 UTCACE
2025-03-16 20:03:17 +0000 UTCGareth Neary
2025-03-16 19:44:07 +0000 UTCScott Williams
2025-03-16 19:42:17 +0000 UTC