Apple Inc. (AAPL) – US stocks technical analysis [Video]
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Apple Inc. (AAPL) – In-depth Elliott Wave analysis
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Function: Counter Trend.
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Mode: Corrective.
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Structure: ZigZag.
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Position: Wave {c} of A.
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Direction: Completing wave A.
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Details: This conservative long-term count expects Intermediate wave (4), which may reach the 2021 lows. Another leg lower is expected to complete the initial three-wave move in wave A of (4), suggesting the bottom in wave A is nearing.
Apple Inc. (AAPL) – Elliott Wave analysis
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Function: Counter Trend.
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Mode: Corrective.
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Structure: ZigZag.
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Position: Wave (iv) of {c}.
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Direction: Further downside.
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Details: A three-wave move into wave (iv) appears near completion. We anticipate continued decline in wave (v) of {c}.
Apple Inc. (AAPL) – Brief Elliott Wave analysis
Apple is currently in a corrective phase, labeled as wave {c} of A, part of a broader Intermediate wave (4). The daily chart reflects a conservative outlook, anticipating further downside to potentially revisit the 2021 lows. A final leg lower is expected to complete the three-wave structure of wave A.
On the 1-hour chart, wave (iv) of {c} appears near completion, with an additional decline in wave (v) anticipated soon. Both timeframes suggest short-term bearish momentum before a potential longer-term reversal.
Apple Inc. (AAPL) – US stocks technical analysis [Video]
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