Apple Inc. (AAPL) Elliott Wave technical analysis [Video]

AAPL Elliott Wave technical analysis

Function: Trend. 

Mode: Impulsive. 

Structure: Motive. 

Position: Wave {iii} of 3.    

Direction: Upside in wave {iii}.   

Details: Aggressive count to the upside with a double 1-2. As long as we keep trading above 200$ we can foresee further long term upside.

AAPL Elliott Wave technical analysis – Daily chart

AAPL is currently in wave {iii} of 3, following an aggressive count that suggests a double 1-2 formation. As long as AAPL remains above the $200 level, further long-term upside is anticipated. This bullish scenario suggests that AAPL is poised to continue its upward trajectory, driven by strong momentum within wave {iii}. 

AAPL Elliott Wave technical analysis

Function: Trend. 

Mode: Impulsive. 

Structure: Motive. 

Position: Wave (i) of {iii}. 

Direction: Top in wave (i). 

Details: Looking for one more leg higher towards 230$, the top of MinorGroup1, to then correct within wave (ii) of {iii}.

AAPL Elliott Wave technical analysis – One-hour chart

The 1-hour chart suggests that AAPL is nearing the completion of wave (i) within the larger wave {iii}. We anticipate one more leg higher towards the $230 level, which aligns with the top of MinorGroup1. Following this, a corrective phase within wave (ii) of {iii} is expected. This correction could present a buying opportunity before the next leg higher.

Welcome to our latest Elliott Wave analysis for Apple Inc. (AAPL). This report provides a detailed overview of AAPL's price movements using Elliott Wave Theory, aiming to help traders identify potential opportunities based on the current wave structure. We will analyze both the daily and 1-hour charts to offer a comprehensive understanding of AAPL's market behavior. 

Apple Inc. (AAPL) Elliott Wave technical analysis [Video]