Forex Trading Library

AAPL Minor Zigzag To Complete Ending Diagonal 26-09-2022

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AAPL 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. Wave ⑤ is the final leg in a scale impulse a of the cycle degree.

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

The intermediate wave (5), which could take the form of a standard zigzag A-B-C, sees prices moving higher.

Bulls in wave (5) could reach 189.11. At that level, wave (5) will equal wave (3).

An alternative scenario assumes that the cycle wave a has ended.

Thus, in the last section of the chart, we see a downward corrective movement of prices 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 ended.

There is a high probability that the final sub-wave Ⓨ will be in the form of an intermediate simple zigzag (A)-(B)-(C). This could reach 118.80, which at that level, primary wave Ⓨ will be at 100% of wave Ⓦ.

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