I continue to think that—surprise, surprise—$APPS is also in a triangle. So long as the lower green trend line holds, I expect it to head to minor (green) D next.

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Note: When articles are first posted, most of them are made available only to my Patreon supporters (I do try to publish some public posts on occasion). Over time (usually after a period of a few weeks or so), I make all of 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. In a nutshell, patrons of any denomination (you get to pick the amount) will be able to read my weekend analyses, Tier 1 members ($20/mo.) get access to all of the articles I write, and Tier 2 members ($35/mo.) get access to those, plus counts on other instruments and my Discord chatroom.

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$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.

Read more “$APPS Bullish Consolidation Wedge Breakout and a Target”

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Note: When articles are first posted, most of them are made available only to my Patreon supporters (I do try to publish some public posts on occasion). Over time (usually after a period of a few weeks or so), I make all of 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. In a nutshell, patrons of any denomination (you get to pick the amount) will be able to read my weekend analyses, Tier 1 members ($20/mo.) get access to all of the articles I write, and Tier 2 members ($35/mo.) get access to those, plus counts on other instruments and my Discord chatroom.

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