APPLE Technicals Behavior - Big Picture ?
April 19 ( From TradingView )
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April 19: The Big Picture Revisited ?
We started a Consolidation Process since the week of February 23rd.
I decided to take a look at the Big Picture in terms of Price Levels taking as proxy
Fibonacci Levels Extension based on a weekly chart.
How to Calculate Fibonacci Extensions
So taking the previous high peak level reached on the week of February 2015 at $133.60 and the previous bottom reached on the week of January 5 2015 at $104.63, I found those Fibonacci Extension Levels:
Fibonacci Extension % Price
See also the chart below.
I expect a Dead Cat Bounce Monday probably getting between the 20 DMA ( Day Moving Average ) then at $125.73 to MAX the 50 DMA then at $126.21 but thereafter, the Seasonals will continue to prevail and a slow bleed for next week as stated on my Weekly Research: