$APPS is somewhat difficult to generate targets for because the sheer magnitude of the advance over the last few years has been such a great percentage move that fibs become meaningless to us way up here. I have this entering the fifth intermediate wave of a primary third wave, but I can’t even show you the primary waves on the chart while also showing you the local wedge, but it’s up and to the right somewhere up there.
All I can do here is note this consolidation wedge breakout that appears to be happening and suggest that we can almost certainly target the old highs. That’s still a big advance from here. I will try to monitor the price action from here to there to see if we can then estimate future targets from those waves.
[UPDATE]: We have rallied over 20% from the original post, so I will file this under “Successful Calls.” Because of the divergence, I am unsure if the rally will continue. I will need to monitor the price action from here prior to making a new call.
Note: When my work is first published on this website, it is made available to patrons who support my work through my Patreon account. Over time (usually after a period of a few months), I make the work public. To gain access to my work when it is produced, please consider becoming a patron. More information may be found on my About page and on my Patreon page.