Forex Trading Library

AAPL Final Leg Of Ending Diagonal Underway

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The current formation of AAPL shares hints at the development of the primary fifth wave. This takes the form of an ending diagonal (1)-(2)-(3)-(4)-(5) of the intermediate degree. Wave ⑤ is the last in the cycle impulse a.

Most likely, the intermediate correction (4) in the form of a minor triple zigzag W-X-Y-X-Z has ended.

Wave (5) could take the form of a standard zigzag A-B-C and reach 192.81. At that level, wave (5) will be at 100% of intermediate wave (3).

Let’s consider a scenario where the ending diagonal is fully completed, and with it the entire cycle wave a has ended.

Thus, at the time of writing the review, we see a drop in the value of shares in a cycle correction b. This can take the form of a double zigzag Ⓦ-Ⓧ-Ⓨ of the primary degree. It seems that the first two primary sub-waves Ⓦ-Ⓧ have already ended.

There is a high probability that bears in the final sub-wave will bring the market to 113.69. At that level, primary wave Ⓨ will be at 200% of wave Ⓦ.

After the cycle correction comes to an end, we can expect a bullish market movement within the cycle wave c above the maximum of 183.59.

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