Both the Elliott Type One Trade and the False Bar Stochastic Trade on Apple are no longer possible. The Elliott Type One Trade has failed due to the violation of the Red Wave 4 Channel and the False Bar Stochastic Trade has failed as we have a new False Bar appearing below 25, this indicates a new downtrend is forming.
We do have a new XTL Red Bar forming which could be used to initiate a selling opportunity which Joel Stahl's post, regarding the NASDAQ and EBAY also talk about.
As I have covered in the previous posts regarding Apple, an aggressive money management plan can help you make money on trades even when our ultimate profit targets (MOB's) are not hit.
Ron Wheeler
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