Swoop6

Swoop6

Wave Counts suggesting that Apple has potentially completed a super cycle and may be in for a very long corrective period which could be years-decades.

Swoop6

The great ''alt season'' Bull Trap is upon us with bagholder mode fully activated as the masses chase the plethora of scams with the hopes of getting rich and making huge gains...However as usual the herd is late to the party and becoming a market participant at the worst possible time.

Swoop6

OMG RISK IS OFF FOLKS...jokes aside this trend is coming to an end...Could I be wrong? OFC NOT TECHNICAL ANALURSIS RULES THE WORLD, I have marked a potential zone where I think prices may retrace to however the time element is a hard one to predict - It is likely we linger in a range around a top for a while before it really dies creating more bagholders/toplongers.

Swoop6

Chart structure looks very good to me and I think there is a chance this goes on a massive hype run this year, Our purple levels marked should not break if this is bullish.

Swoop6

It's likely we're in the process of topping out here...yes there is a chance I'm wrong on the counts and we get a dump then 1 more high but overall the bulk of the move has happened and people left speculating at these prices will probably get rekt.

Swoop6

Not much juice left in the tank imo - Even if I'm wrong on the count here it's only got 1 high left which won't be much...Sayonara Solana.

Swoop6

As stated in my previous idea I'm of the belief big tech is close to topping out, When I view these charts I can see cases for all to be nearing a top (yes they can go higher) but It won't matter much if the overall trend is close to terminating. Ask yourself logically who is actually left to buy here and happy about it? and if so how much longer can they do it...

Swoop6

I'm of the belief that tech is topping out soon - yes we may climb higher for a bit but it's coming to an end imo.

Swoop6

Yes topping range is quite wide but I believe it can happen soon (within weeks-months) - There is also the chance it's topping out now. I would not be shorting just yet...I would be waiting until it becomes more obvious and we have a defined top and a rally failing to break that top.

Swoop6

Looks like the best time to start buying again with the risk already defined - If our $152~ level breaks the impulsive counts are busted and so is this idea...However if this does not happen we can assume this correction is as good as over and we're about to start a parabolic rise.

Swoop6

So I'm of the belief that we have completed a large wave 1-2 and the bottom is in - If all this is true this is probably the best time to start buying this as it should start trending higher for quite some time, targets are always tricky here but they are derived off key fib extensions under the assumption that our first impulse leg of wave 3 has completed.

Swoop6

So recently the PA has shed more light on the prior structures - it's clear we're correcting this entire move and our first 5 waves have completed - Going forward I expect this correction to end soon and we should start our wave 3.

Swoop6 Updated 

So it's clear our most recent impulse leg is correcting and I'm of the belief this is a (Bullish retracement) - I see multiple Bullish Wave counts in play and currently rate this the most likely scenario, Yes there is a chance we can correct lower to around $220~ levels and still remain very Bullish - It would actually be more Bullish for that to happen because it...

Swoop6

I can see a clear 5 waves down here and price has bounced and taken out one of our daily pivot points with some decent volume - this could be the start of a major trend reversal.

Swoop6

Pretty clear the downtrend has been broken and I'm of the belief that this is currently a bullish retracement (working on wave 2) - Overall this will end up being a long term swing for months/years if I'm correct.

Swoop6

Just a wave forecast of what I think is coming - current correction should end soon and we start ripping again.

Swoop6

Some impulsive fractal here I've pulled from somewhere that is constructing the probable wave structure...scam it.

Swoop6 Updated 

Not seeing this move off the bottom as corrective at all - volume has already confirmed the trend imo and we're early stages here of wave 3.