Elliott Wave analysis: Apple set to complete impulsive rally from January 21 low [Video]

The cycle from the January 21, 2026 low in Apple (AAPL) is unfolding as a five‑wave Elliott Wave impulse. From that low, wave 1 advanced to $268.34, followed by a corrective pullback in wave 2 that terminated at $252.12. The stock then resumed its upward trajectory in wave 3. Within this third wave, wave ((i)) concluded at $261.90, while the subsequent pullback in wave ((ii)) ended at $255. Momentum strengthened thereafter, carrying the stock higher in wave ((iii)) toward $279.50. A modest dip in wave ((iv)) found support at $273.50, before the final leg, wave ((v)), reached $280.90. This marked the completion of wave 3 at a higher degree.

Wave 4 unfolded as a zigzag correction. Declining from the wave 3 peak, wave ((a)) ended at $276.28. A brief rally in wave ((b)) followed, topping at $278.47. The final leg, wave ((c)), extended lower to $271.70, thereby completing wave 4 at the higher degree. With this correction in place, expectations turn toward the development of wave 5, which should extend the impulse sequence further to the upside. A decisive break above the wave 3 peak would strengthen the probability of continued gains against the January 21 low. In the near term, as long as the pivot at $252.12 remains intact, pullbacks are likely to attract buyers. These retracements may unfold in either three or seven swings, offering opportunities for renewed strength and continuation of the broader upward cycle.

Apple (AAPL) 30 minute chart

AAPL Elliott Wave [Video]