$APE is breaking down after an aggressive rally making a high above $1.7688. The rally was in an Elliot wave 1.
The breakdown move at the moment is a corrective structure in a wave 2.
Targets lie in the golden pocket between $1.1203 -$0.7493. On holding the golden pocket watch for a rally back above $1.0 and $1.20 which will be the start of a wave 3, which can get us back above $2.0.On loosing the golden pocket that will be mega bearish having $0.6274.
