Stock Look To Move Higher, Looking At APPLE and DJIA

By: Gregor Horvat | Wed, Jun 10, 2015
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US stocks are rising at the moment, and if that would stay unchanged till the end of the day then we would look for much higher levels in days ahead as corrections from May highs can be bottoming. On DJIA we see three wave set-back from the highs that will signal for more upside if price would go above 18000.

DJIA 4h Elliott Wave Analysis

DJIA 4-Hour Elliott Wave Analysis Chart

Apple is moving sideways for the last few months but this could come to an end soon, as price could break through the upper side of a range if we consider a five needed subwaves for a completed triangle formation. Ideally prices will rise up into wave five in the coming days, targeting 137.

APPLE Daily Elliott Wave Analysis

APPLE Daily Elliott Wave Analysis Chart

 


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Gregor Horvat

Author: Gregor Horvat

Gregor Horvat
www.ew-forecast.com

Gregor Horvat

Grega is based in Slovenia and has been involved in markets since 2003. He is the owner of www.ew-forecast.com, but before that he was working for Capital Forex Group and TheLFB.com. His feature articles have been published on: SafeHaven.com, FXstreet.com, Thestreet.com, Action forex, Forex TV, Istockanalyst, ForexFactory, Fxtraders.eu, Insidefutures.com, etc. He recently won the award on FXStreet.com for Best Forex Analysis in 2016. At www.ew-forecast.com he helps clients and educate them about the Elliott wave prinicple and how to label and track unfolding patterns in real time.  His approach to the markets is mainly technical. He uses a lot of different methods when analyzing the markets such as candlestick patterns, MA, technical indicators etc. His specialty however is Elliott Wave Theory which could be very helpful especially if you know how to use it in combination with other tools/indicators.

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