Kevin Loughlin – Harmonic Pattern Trader Online Trading Journal

5Jan/120

APPLE INC FORMS A BEAR BAT, POSSIBLE ELLIOTT WAVE 3 COMPLETE

Currently short Apple Inc.  It has formed a bear bat on an overbought 4H and coming into overbought daily.  This stock has been defying gravity for the past 2 years, as it has been diverging all this time.  Elliott wave count suggests a possible top in place and completion of wave 3 blue, now within this possible correction there is the bear bat.