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

Gregor Horvat, based in Slovenia, has been in the forex markets since 2003. He is a technical analyst and individual trader who has worked for Capital Forex Group and TheLFB.com. He also is founder of forex services on www.ew-forecast.com. EW-Forecast.com provides technical analysis of the financial markets, highlighting behavioral patterns based on the Elliott Wave Principle (EWP). Website: http://www.ew-forecast.com/

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