AAPL Elliott Wave Technical Analysis – 1st July, 2014

A stock split a couple of weeks ago made my data look… horribly wrong. This has now been fixed.

The wave count at cycle degree has changed and I have a new wave count for you.

Click on charts to enlarge.

AAPL Quarterly 2012

I am not sure about the degree of labeling in this wave count. Although it seems too brief for grand super cycle waves I and II to last 1/4 and 19 years, respectively, when the degree is moved down by one then the more recent movement is too low a degree.

I see a series of first and second waves with an unfolding third wave upwards incomplete.

Within cycle wave III intermediate wave (3) is just 2.88 short of 4.236 the length of intermediate wave (1).

Intermediate wave (4) is most likely incomplete. It may end at the lower edge of the parallel channel drawn about primary wave 3 using Elliott’s technique.

AAPL weekly 2012

The weekly chart shows recent movement within intermediate wave (4).

The wave down labeled minor wave A subdivides so well as a five wave impulse that intermediate wave (4) is unlikely to be over and should continue.

Minor wave B may not move beyond the start of minor wave A at 100.72.

AAPL daily 2012

Within minor wave B the structure fits as a double zigzag, with the second zigzag almost complete.

Within minuette wave (c) at 97.16 subminuette wave v would reach 0.618 the length of subminuette wave iii.

The channel about minuette wave (c) is drawn using Elliott’s second technique: the first trend line is drawn from the ends of subminuette waves ii to iv, then a parallel copy is placed on the end of subminuette wave iii. I would expect subminuette wave v to end mid way within this channel.

When the channel is breached by subsequent downwards movement I would have confidence that minuette wave (c) is over.