My target is simply based on Elliot Wave protections as we appear to be in wave 5 of three or C.
Wave five is typically accompanied by light volume.
Wave 1 was from $8 to $23.8 and as Wave 3 extended the probability is that wave five will be equal and that started at $55.34 on my count plus $15.8 to arrive at $71.14
There is an argument that five started at $55.92 which gives a target of $71.76
It would be interesting to know how you arrived at your target.
I won't be going short there though as I want to see five down and three retrace.
The tendency for waves to be equal is not a fixed rule so it could easily push higher.
APT Price at posting:
$68.00 Sentiment: Sell Disclosure: Not Held
