Apple Inc. (AAPL) Elliott Wave technical analysis [Video]
|AAPL Elliott Wave technical analysis
Function: Trend
Mode: Impulsive
Structure: Motive
Position: Wave (5)
Direction: Upside in wave 3 of (5).
Details: We are looking at Apple being in a larger correction, differentiating from the rest of the major SPX components. We are exploring the possibility of a triangle in wave {b} of 2 or else we could also be in some sort of complex correction swill in wave 2.
AAPL Elliott Wave technical analysis – Daily chart
Our analysis indicates a trending function characterized by impulsive mode and motive structure, positioned in Wave (5). The direction signals an upside momentum in wave 3 of (5). Apple appears to be undergoing a larger correction, setting it apart from other major SPX components. We're currently exploring the possibility of a triangle formation in wave {b} of 2, or alternatively, we could be experiencing a complex correction within wave 2.
AAPL Elliott Wave technical analysis
Function: Trend
Mode: Impulsive
Structure: Motive
Position: Wave {iii} of 3.
Direction: Upside in wave {iii}.
Details: Here we explore the possibility of further upside into wave {iii} as there is a possibility for a five wave move into wave {i} and we are finding support on the middle of MG2 at 172$. Looking for continuation higher to give us additional confirmation.
AAPL Elliott Wave technical analysis – Four-hour chart
Here, we also identify a trending function marked by impulsive mode and motive structure, positioned in Wave {iii} of 3. The direction indicates an upside trajectory in wave {iii}. Our analysis suggests the potential for further upside into wave {iii}, supported by the possibility of a five-wave move into wave {i}. We are currently finding support around the middle of MG2 at $172, anticipating continuation higher to provide additional confirmation.
AAPL Elliott Wave technical analysis [Video]
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.