I'm looking for a sell trade for Apple
. The wave count is somewhat complex and that doesn't increase the probability longer term until we have more data to determine what's next. Short term however I expect a break lower soon, once we see that bearish
break I will be determining whether there is more to come in terms of another bearish
break out of the structure of larger degree, which most likely will result in a move towards 55-60, or whether we will see a bullish
reversal and a continuation of the long term trend. The arrows show the scenario's I'm looking for to trade, with the first trade opportunity to be a sell trade!
updates will follow