Yesterday’s analysis of AAPL was invalidated by upwards movement. I have a new wave count for you.
Click on charts to enlarge.
Cycle wave b may be continuing as a double zigzag. The second structure in the double is incomplete. At 638.97 intermediate wave (C) would reach equality with intermediate wave (A).
Within intermediate wave (C) minor wave 4 may not move into minor wave 1 price territory below 532.14.
I was wondering if you could you please post an update on AAPL. After 12 trading sessions of consolidation, I think that AAPL is in the final stages of completing wave C; this should take less 11 sessions, and we are just breaking out from the 582-604 trading range. Does the upside target for wave C remain the same at 638.97?
where is this double zigzag relative to the overall trend? is it a correction to an existing downtrend? i dont understand where the zigzag fits in as the time frame is so short. can you post a chart with a long time frame?
look at AAPL historical (categories, right hand sidebar)
look at the monthly chart
the prior move down was a clear five
which means the move up to follow that should be a three; the correction cannot have ended where I have cycle wave a labeled as a five because a correction cannot subdivide as a five
so cycle wave b up must be a three wave corrective structure and cannot move beyond the start of cycle wave a at 705.07.
there are more than thirteen possible corrective structures for a B wave, and they are the hardest of all to analyse because there is so much variation between them. I now expect it is an almost complete double zigzag.