APPLE First correction signals in 7 months start to emerge.

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APPLE First correction signals in 7 months start to emerge.Apple Inc.BATS:AAPLTradingShotAlmost 1.5 month ago (September 19, see chart below), we gave a buy signal on Apple Inc. (AAPL), which recently hit our $273 Target: This time we go back to our long-term perspective and view Apple on the 1W time-frame, as the Bullish Leg (green) since the April 07 bottom, is approaching the top (Higher Highs trend-line) of the 4-year Channel Up. The previous Bullish Leg peaked just below the 1.236 Fibonacci extension, so we can't rule out one final push to round $285 but on the long-term, a technical pull-back is favored. The 2023 Bullish Leg eventually corrected on the 1W MA50 (blue trend-line), hitting its 0.382 Fibonacci retracement level at the same time. Even the smaller April - July 2024 Leg pulled-back to he 0.5 Fib. All of those Channel Up tops have been also met with a 1W RSI break above the 70.00 oversold level, which is something that hasn't taken place yet. Similarly the 1W MACD hasn't started to reverse on the levels of most of previous tops. In any case, we expect to see Apple hitting $236 at least on the long-term, which is its 0.382 Fib and marginally below the 1W MA50. ------------------------------------------------------------------------------- ** Please LIKE πŸ‘, FOLLOW βœ…, SHARE πŸ™Œ and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- πŸ’ΈπŸ’ΈπŸ’ΈπŸ’ΈπŸ’ΈπŸ’Έ πŸ‘‡ πŸ‘‡ πŸ‘‡ πŸ‘‡ πŸ‘‡ πŸ‘‡