{"id":46211,"date":"2014-01-13T05:03:50","date_gmt":"2014-01-13T10:03:50","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=46211"},"modified":"2014-01-13T07:54:02","modified_gmt":"2014-01-13T12:54:02","slug":"apple-inc-price-action-entering-the-5th-wave","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2014\/01\/13\/apple-inc-price-action-entering-the-5th-wave\/","title":{"rendered":"Apple Inc. Price Action Entering the 5th Wave"},"content":{"rendered":"<p>Article by <a href=\"http:\/\/investazor.com\/\" target=\"blank\"><u>Investazor.com<\/u><\/a><\/p>\n<p><a href=\"http:\/\/investazor.com\/wp-content\/uploads\/2014\/01\/aapl-entering-5th-wave-13.01.2014.png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-2198 alignnone\" alt=\"aapl-entering-5th-wave-resize-13.01.2014\" src=\"http:\/\/investazor.com\/wp-content\/uploads\/2014\/01\/aapl-entering-5th-wave-resize-13.01.2014.png\" width=\"645\" height=\"336\" \/><\/a><\/p>\n<p>On the 27<sup>th<\/sup> of June the price of Apple Inc.\u2019s stocks reached the second low of the Double Bottom pattern ,confirmed in the end of July by a breakout above 463$ per share. The pattern gave a very good signal for the trend reversal.<\/p>\n<p>From the beginning of July until the mid of September the price has drawn a 5 small waves up moves, drawing Wave 1 on a higher level, and an abc correction, ending as well the 2nd wave. From 16<sup>th<\/sup> of July started another up move formed by 5 lower rang waves, which in my opinion has drawn the 3<sup>rd<\/sup> wave at the higher level that has ended in the beginning of December.<\/p>\n<p><span id=\"more-2196\"><\/span><\/p>\n<p>From 5<sup>th<\/sup> of December all the way to 10<sup>th<\/sup> of January 2014, the price has drawn a 3 wave, corrective move, which has touched the uptrend line and got pretty close to the 100 EMA. This means that around the price can find a good support area around 525$ per share. If the 4<sup>th<\/sup> wave will be over around here, I expect the price to rally to 600$ per share, ending this way the 5 wave pattern mentioned in Elliott Wave Theory.<\/p>\n<p>Even though the price moved beautiful conform EWT I would be attentive at this support zone. If bulls will not pressure the price to bounce, we might see a fall under the trend line. A daily close under the 100 EMA could annihilate the current analysis and the price might fall back to retest 500$ per share, or, why not, even lower.<\/p>\n<p>The post <a rel=\"nofollow\" href=\"http:\/\/investazor.com\/2014\/01\/13\/apple-inc-price-action-entering-5th-wave\/\">Apple Inc. Price Action Entering the 5th Wave<\/a> appeared first on <a rel=\"nofollow\" href=\"http:\/\/investazor.com\">investazor.com<\/a>.<\/p>\n<div class=\"feedflare\">\n<a href=\"http:\/\/feeds.feedburner.com\/~ff\/Investazor?a=qwKG65MWeQs:7y6TpuKCCpw:yIl2AUoC8zA\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/Investazor?d=yIl2AUoC8zA\" border=\"0\"><\/img><\/a>\n<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/Investazor\/~4\/qwKG65MWeQs\" height=\"1\" width=\"1\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article by Investazor.com On the 27th of June the price of Apple Inc.\u2019s stocks reached the second low of the Double Bottom pattern ,confirmed in the end of July by a breakout above 463$ per share. The pattern gave a very good signal for the trend reversal. From the beginning of July until the mid &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2014\/01\/13\/apple-inc-price-action-entering-the-5th-wave\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Apple Inc. Price Action Entering the 5th Wave&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-46211","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/46211","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=46211"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/46211\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=46211"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=46211"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=46211"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}