Elliott Wave Forecast Team
ElliottWave-Forecast.com
Cycle from 10.27.2023 low in Apple (AAPL) remains in progress as a 5 waves impulse Elliott Wave structure. Up from 10.27.2023 low, wave (1) ended at 181.9 and pullback in wave (2) ended at 169.33. The stock then rallies again in wave (3) towards 192.93. Pullback in wave (4) ended at 187.45 as a double three Elliott Wave structure. Down from wave (3), wave ((a)) ended at 190.82, wave ((b)) ended at 191.70, and wave ((c)) lower ended at 188.90. This completed wave W. Rally in wave X ended at 192.09 as a zigzag structure. Up from wave X, wave ((a)) ended at 191.08, wave ((b)) ended at 189, and wave ((c)) ended at 192.09.
Apple (AAPL) 60 minutes Elliott Wave chart
Down from wave X, wave ((w)) ended at 188.19, wave ((x)) ended at 191.56, and wave ((y)) ended at 187.45. This completed wave Y of (4). The stock has turned higher in wave (5). Up from wave (4), wave 1 ended at 189.66 and pullback in wave 2 ended at 188. Stock rallies again in wave 3 towards 194.76. Pullback in wave 4 is now in progress to correct cycle from 12.5.2023 low in 3, 7, or 11 swing before it resumes higher. Near term, as far as pivot at 187.45 low stays intact, expect dips to find support in 3, 7, 11 swing for further upside to complete the impulsive structure from 10.27.2023 low.
AAPL Elliott Wave video
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