AAPL hints at a bullish impulse consisting of primary sub-waves ①-②-③-④-⑤. The first three waves are fully completed, whereas bearish correction wave ④ is still under development.
Intermediate zigzag ④ consists of impulse wave (A) and corrective wave (B), which include waves W-X-Y of a corrective double zigzag.
Prices are then likely to decline to 98.97. At this level, primary correction ④ will be at 50% of impulse wave ③.
An alternative scenario shows the structure of the bullish impulse, in which the primary correction ④ has already been formed.
Intermediate degree impulse wave (1) and the corrective wave (2) have ended. The sub-waves hint at the construction of the initial part of the wave ⑤.
Therefore, in the medium term, we could see AAPL share prices rise in the intermediate sub-waves (3)-(4)-(5).
It is expected that the primary wave ⑤ could end at 151.71. At this level, it will be at 61.8% of primary impulse wave ③.
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