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Upwards movement continued as wave count expected.

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AAPL weekly 2014

Because the downwards wave labeled here cycle wave a subdivides so well as a five wave impulse, with an extended third wave, the correction cannot be over there.

This means that upwards movement from the low at 385.10 should subdivide as a corrective structure and may not move beyond the start of cycle wave a above 705.07.

Cycle wave b may be completing as a double zigzag. The channel drawn about it is a best fit. When this maroon channel is clearly breached by downwards movement I shall have confidence that cycle wave b is over and cycle wave c downwards is underway.

Cycle wave c would be extremely likely to make a new low beyond the end of cycle wave a at 385.10 to avoid a truncation.

AAPL daily 2014

Cycle wave b is incomplete. Within it intermediate wave (C) is unfolding as an impulse, and minor wave 4 has recently completed.

At 627 minor wave 5 would reach 0.618 the length of minor wave 3. Because there is no Fibonacci ratio between minor waves 3 and 1 I will expect to see a Fibonacci ratio for minor wave 5.

Within minute wave iii of minor wave 5 no second wave correction may move beyond the start of its first wave below 585.40.