AAPL Elliott Wave Technical Analysis – 27th January, 2014 – Charts Only

Elliott Wave chart analysis for AAPL for 27th January, 2014. Please click on the charts below to enlarge.

Main Wave Count.

AAPL weekly 2012

Any movement at all during regular trading hours below 513.74 would immediately invalidate this wave count. At that stage the alternate below would be confirmed.

AAPL daily 2012

AAPL hourly 2012

Alternate Wave Count.

AAPL daily alternate 2012

Movement below 513.74 would see further downwards movement towards a target at 255.17. This target would be about one year away.

12 thoughts on “AAPL Elliott Wave Technical Analysis – 27th January, 2014 – Charts Only

  1. Hi Lara, are you still onboard with the bearish AAPL count? It looks to me like it’s testing and maybe slightly breached the bottom of the daily channel. Is this normally a spot where you would expect a reversal back down below the 2/1 low? However, I’m having trouble counting this wave down from $575 unless it’s a bearish nest of 1’s and 2’s.

      1. I’m starting to wonder if AAPL’s decline from $575 is forming a WXY with a target between $460-$480. The decline from $575 does not look impulsive. The entire count from $705 would have to be modified. I would love to see a new post on AAPL. Thanks Lara!

        1. I’m working on it.

          It’s a horrible mess. But I think I can find something which makes sense.

          What seems clearest is that a big channel about the upwards movement ending at 575 is now so clearly breached; I expect that high will remain in place.

          I’m playing with a wave count which includes a truncated fifth wave at the end of the upwards movement, and a leading diagonal unfolding downwards. I’ll see how this plays out over the next few days and then I’ll be ready to publish it.

  2. Also, would you expect the wave count to play out similarly as the previous decline? Ie…. first wave an extended deep wave or more of a rolling downward decline as it was after the first major decline which ended in Nov 2012?

    1. the prior decline labeled cycle a on the weekly chart had an extended third wave within it

      which is the most typical wave extended within an impulse, and so I’d expect we will likely see the same here

      alternatively cycle wave c could be an ending diagonal, and if so it would show alternation with the impulse of cycle wave a

      next week there will be more structure of this downwards movement to analyse and I’ll begin to calculate shorter term targets

    1. Hi Lara,

      so this would be wave one of five we are still in?

      Do you have a target for the end of wave one?

  3. I dont do Elliot wave I rally mostly on Indicators rather then Elliot wave counting which never gives any signals… I have predicted a fall few weeks ago with 3 major indicators that were showing the big downside is on the way #1 MACD turned Negative #2 61% retracement held and biggest of all were 2 bearish hammer down chandelles which apple closed last 2 weeks. MY target for low 300$ is coming and will unfold within 6 months. HAVE FUN!!! You still believe APPLE will go to $600? I do but not before hitting $300

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