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December 13th, 2018: AAPL Monthly Chart

Posted by pugsma on December 13, 2018

8:20 pm EST:   From the AAPL Monthly chart “Big Picture” is pretty clear that AAPL topped Cycle Degree 1 (C1) on Oct 3rd, 2018 at 233.47.   The drop to 163.33 thus far is likely only Primary A (PA) of Cycle Degree 2 (C2).  There should be Primary B (PB) wave of a 50% Fibonacci retracement of PA up to 198.40 before the Primary C (PC) of C2 drop to at least the 38% Fibonacci retracement of C1 at 144.75.  There is strong pivot support at 134.54.

AAPL Monthly:

 

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