$APPS Bullish Consolidation Wedge Breakout and a Target

$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.

APPS


[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.

APPS


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