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]