Forex Trading Library
EUR
$1.04
(+0.12%)
GBP
$1.20
(+1.25%)
AUD
$0.68
(+1.65%)
JPY
$0.01
(-0.41%)
TRY
$0.06
(+0.42%)
INR
$0.01
(-0.17%)
SGD
$0.72
(+0.26%)
MYR
$0.23
(-0.01%)
JOD
$1.41
(-0%)
KWD
$3.26
(+0.04%)
SAR
$0.27
(+0.02%)
AED
$0.27
(0%)
QAR
$0.27
(-0.05%)
OMR
$2.60
(-0.03%)
EGP
$0.05
(+0.01%)

AAPL Final Leg of Correction ④ Underway

0 547

The current structure of AAPL shows the formation of a primary impulse consisting of sub-waves ①-②-③-④-⑤.

At the time of writing, the market is in a corrective wave ④, which is an (A)-(B)-(C) zigzag of the intermediate degree. This zigzag could soon complete approximately near 114.31, which is on the lower line of the regression channel.

After correction wave ④ is completed, the price could increase in the primary impulse ⑤ above the 151.12 area. This is on the upper line of the regression channel.

aapl elliott

An alternative scenario hints at a fully completed corrective wave ④ of the primary degree.

If this hypothesis is correct, then in the short term we are waiting for the development of a bullish fifth wave of the primary degree. This could take the form of a simple impulse.

The price in the specified impulse can reach the level of 160.94. At that level, wave ⑤ will be at 50% of impulse ③.

Leave A Reply

Your email address will not be published.