Forex Trading Library

AAPL Minor Zigzag To Complete Ending Diagonal

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AAPL looks at the development of a primary fifth wave. This takes the form of an ending diagonal (1)-(2)-(3)-(4)-(5) of the intermediate degree. Wave ⑤ is the final leg in a 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.

Now prices are moving higher in the intermediate wave (5). It is assumed that wave (5) will take the form of a standard zigzag A-B-C, as shown on the chart, where wave A is a minute impulse.

It is possible that prices in wave (5) will go to 189.34. At that level, wave (5) will be equal to wave (3).

An alternative scenario assumes that the cycle wave a is fully completed.

Thus, in the last section of the chart, we see a downward corrective movement in a cycle wave b. This could take the form of a double zigzag Ⓦ-Ⓧ-Ⓨ of the primary degree. It seems that the first two primary sub-waves Ⓦ-Ⓧ have already been formed.

There is a high probability that the final sub-wave Ⓨ will bring the market to 118.80. At that level, primary wave Ⓨ will be at 100% of wave Ⓦ.

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