$AAPL TOP 20
Added 2023-10-01 19:15:26 +0000 UTCThis is a very good example of a strong confluence level at this Wave 4 point, circled in white.
We have the 200 Day MA here
We have the price between the 0.5 - 0.618 Fib levels
We have the yellow trend line
We have a corrective wave and can clearly see 3 waves, ABC
It is the start of October now, historically a bullish month.
And we have the price not infringing on Wave 2.
A lot is going on in one area, so this is one of the strongest confluence levels you will see.
It is unlikely that a price would break down from this level, considering the overall trend is bullish and we expected this as Wave 4.
So I want to call the bottom on Wave 4 now but let's see a little more holding of this level before we do.
This is clearly a very good level to add here.
Comments
Adding shares at the pre market tomorrow
makis
2023-10-01 20:19:27 +0000 UTC
