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AAPL A Bullish Minor Zigzag?

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

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

Thus, in the near future, the price could begin to move higher in the intermediate wave (5). Wave (5) could take the form of a standard zigzag A-B-C.

It is possible that prices in wave (5) will go to 189.53. At that level, wave (5) will be equal to wave (3).

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

At the time of writing, we see a drop in the cycle correction b. This can take the form of a double zigzag Ⓦ-Ⓧ-Ⓨ of the primary degree.

There is a high probability that in the final sub-wave, in the form of an intermediate triple zigzag, prices will move to 113.47. At that level, primary wave Ⓨ will be at 200% of wave Ⓦ.

After that, we can expect a bullish trend within the cycle wave c above the maximum of 183.59.

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