Apple Inc. yet another stock that many people and traders are looking at these days after it’s peak from January 2022. In total the drop so far is about 32%. Almost everyone is aware of them as a big chunk of people worldwide are using an Iphone or a Macbook device.
However we must never forget that the market (stock market) runs in cycles. When a larger cycle ends then a correction of that cycle always takes place. In some cases the correction is shallow and in other cases deep. Here at Elliott Wave Forecast by using our system we are able to identify when a cycle is getting mature and close to an end. Additionally we are able to correlate an instrument with others. And with out distribution and sequence system determine the areas of the market that we can expect the next reaction.
What we will look at in this article is how we have been able to forecast the reaction lower after the recent bounce in wave (2) in Apple. First of all let’s look at AAPL from 12.30.22 where we have been expecting a bounce in (2) as A – B – C.
AAPL 12.30.22 post market update update
In this case we can see how AAPL was expected to do a 3 swing bounce before it turn lower in wave (3) of a larger degree ((3)). And lastly let’s have a look on how the market reacted.
AAPL 01.05.23 Post market update
FURTHER DISCLOSURES AND DISCLAIMER CONCERNING RISK, RESPONSIBILITY AND LIABILITY Trading in the Foreign Exchange market is a challenging opportunity where above average returns are available for educated and experienced investors who are willing to take above average risk. However, before deciding to participate in Foreign Exchange (FX) trading, you should carefully consider your investment objectives, level of xperience and risk appetite. Do not invest or trade capital you cannot afford to lose. EME PROCESSING AND CONSULTING, LLC, THEIR REPRESENTATIVES, AND ANYONE WORKING FOR OR WITHIN WWW.ELLIOTTWAVE- FORECAST.COM is not responsible for any loss from any form of distributed advice, signal, analysis, or content. Again, we fully DISCLOSE to the Subscriber base that the Service as a whole, the individual Parties, Representatives, or owners shall not be liable to any and all Subscribers for any losses or damages as a result of any action taken by the Subscriber from any trade idea or signal posted on the website(s) distributed through any form of social-media, email, the website, and/or any other electronic, written, verbal, or future form of communication . All analysis, trading signals, trading recommendations, all charts, communicated interpretations of the wave counts, and all content from any media form produced by www.Elliottwave-forecast.com and/or the Representatives are solely the opinions and best efforts of the respective author(s). In general Forex instruments are highly leveraged, and traders can lose some or all of their initial margin funds. All content provided by www.Elliottwave-forecast.com is expressed in good faith and is intended to help Subscribers succeed in the marketplace, but it is never guaranteed. There is no “holy grail” to trading or forecasting the market and we are wrong sometimes like everyone else. Please understand and accept the risk involved when making any trading and/or investment decision. UNDERSTAND that all the content we provide is protected through copyright of EME PROCESSING AND CONSULTING, LLC. It is illegal to disseminate in any form of communication any part or all of our proprietary information without specific authorization. UNDERSTAND that you also agree to not allow persons that are not PAID SUBSCRIBERS to view any of the content not released publicly. IF YOU ARE FOUND TO BE IN VIOLATION OF THESE RESTRICTIONS you or your firm (as the Subscriber) will be charged fully with no discount for one year subscription to our Premium Plus Plan at $1,799.88 for EACH person or firm who received any of our content illegally through the respected intermediary’s (Subscriber in violation of terms) channel(s) of communication.
Follow us on Telegram
Stay updated of all the news
EUR/USD rebounds toward 1.0750 as risk flows return, German ZEW eyed
EUR/USD is rebounding toward 1.0750 in early Europe. The pair is gaining upside traction amid an upbeat mood, which is capping the US Dollar recovery. Markets cheer the latest global banking sector developments ahead of Germany's ZEW survey.
GBP/USD remains pressured around 1.2250 despite upbeat mood
GBP/USD is on a corrective move lower while testing 1.2250 in the early European morning. A pause in the US Dollar decline is weighing on the pair, despite a better market mood. Investors stay cautious amid the global banking woes and ahead of the Fed decision.
Pullback from yearly highs continues as Credit Suisse rescue soothes markets
Gold price pulls back from its yearly high as global banking jitters pass (for now) and US Treasury yields find a floor, supporting a stronger US Dollar. The precious metal trades at $1,972 at the time of writing as it continues to consolidate within a technical uptrend.
Coinbase argues core staking services are not securities in its letter to SEC
Coinbase submitted a comment letter to the US financial regulator asking for clarification on core staking services. The exchange explained that staking services fail every single prong of the Howey test, therefore, cannot be treated as securities.
FX thoughts for the week
Do central banks face a conflict between their inflation mandate and financial stability? The markets are still grappling with this question and confidence in the financial sector has not fully recovered. For now, central banks are responding with a conditional no.