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APPLE Inc. – prognosis via Dow Theory

Weekly chart:

The big picture is in a very young downtrend. After the most recent low at $92, the price increased up to the lower edge of the current correction zone. The price rebounded there and started a new movement, but was unable to continue its trend. Following this, the price ricocheted at $92 – the last point two – and shot directly up once again. This behavior can mean that change is in the air. However, the short-term probabilities are on the upper side.


Daily chart:

The last upwards move that we were able to observe in the big picture can be see here in the daily chart. This means that we see a valid uptrend here, and the price is very close to breaking through the last point two at $110.55. If this happens, we will have a trend continuation. But this is not the kind of situation we are looking for, since the price has already moved too far away.


Hourly chart:

Unfortunately, we can see a very mature trend here. The last move was the seventh movement, and the current correction is the eighth one. This could signify that a trend break is not that far away. A break may occur if we get a close below the green correction zone. This will take a little while but is highly likely.


I hope you will remain favorably disposed towards me and always remember: the journey is the reward!

All the best

Markus Gabel

Trader asset management


AgenaTrader Trading Software

IMPORTANT NOTE: Exchange transactions are associated with significant risks. Those who trade on the financial and commodity markets must familiarize themselves with these risks. Possible analyses, techniques and methods presented here are not an invitation to trade on the financial and commodity markets. They serve only for illustration, further education, and information purposes, and do not constitute investment advice or personal recommendations in any way. They are intended only to facilitate the customer's investment decision, and do not replace the advice of an investor or specific investment advice. The customer trades completely at his or her own risk. Please refer to the current version of the Terms and Conditions.

Thursday, 31 Mar, 2016 / 7:44

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