Elliott Forecast - Apple (AAPL) Breaking Higher Suggesting Further Upside

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Elliott Forecast

Daud Bhatti

Apple (AAPL) Breaking Higher Suggesting Further Upside

Short term view in Apple (AAPL) suggests the rally from 3.2.2023 low is in progress as a 5 waves impulse structure. Up from 3.2.2023 low, wave 1 ended at 166.84 and dips in wave 2 ended at 159.78. The stock extends higher again in wave 3 towards 184.95 and pullback in wave 4 ended at 182.6. The stock has turned higher in wave 5. Up from wave 4, wave (i) ended at 185.2 and dips in wave (ii) ended at 183.07. Stock resumes higher in wave (iii) towards 187.24, and pullback in wave (iv) ended at 185.01. Final leg wave (v) ended at 187.56 which completed wave ((i)).

Pullback in wave ((ii)) ended at 185 with internal subdivision as a flat structure. Down from wave ((i)), wave (a) ended at 186 and rally in wave (b) ended at 188.05. Wave (c) lower ended at 185 which completed wave ((ii)). The stock resumes higher in wave ((iii)). Up from wave ((ii)), wave (i) ended at 186.15 and dips in wave (ii) ended at 185.27. The stock resumes higher in wave (iii) towards 189.9 and pullback in wave (iv) ended at 188.29. Near term, as far as pivot at 182.6 low stays intact, expect pullback to find support in 3, 7, 11 swing for further upside.

AAPL 30 Minutes Elliott Wave Chart

Apple Elliott Wave Video

Source:-forecast.com/news/apple-aapl-breaking-higher-suggesting-upside/

#trading #elliottwave #AAPL

29/06/2023 1 EN

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Elliott Forecast

Elliottwave-Forecast.com (by EME PROCESSING AND CONSULTING LLC) was founded in 2005 by Eric Morera. Since inception our company has provided tailored Financial Market Services to thousands of clients. ElliottWave-Forecast has built a reputation on accurate technical analysis and a winning attitude. By successfully incorporating the Elliott Wave Theory with Market Correlation, Cycles, Proprietary Pivot System, we provide precise forecasts with up-to-date analysis for 52 instruments including FX majors, Gold, Silver, Copper, Oil, TNX and major Equity Indices. Our clients also have immediate access to our proprietary Actionable Trade Setups, Market Overview, 1 Hour, 4 Hour, Daily & Weekly Wave Counts. Weekend Webinar, Live Screen Sharing Sessions, Daily Technical Videos, Educational Resources, and 24 Hour chat room where they are provided live updates and given answers to their questions.

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Analysts

Daud Bhatti

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Apple (AAPL) Breaking Higher Suggesting Further Upside

AAPL 30 Minutes Elliott Wave Chart

Apple Elliott Wave Video

Silver (XAGUSD) Buying the Dips at the Blue Box Area

JNJ Should Continue Higher at Least to Complete a Pullback

Intraday Elliott Wave View on Gold (XAUUSD) Looking to Resume Bullish Trend

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