AAPL Bearish Elliot Waves
The case for us being in the completion of bearish Elliot waves on AAPL is compelling.
AAPL has rallied about 1,000% over the last 10 years and we can sub-divide this nicely into the different sections we'd expect to see in Elliot wave and we also have the common news cycles and characteristics of the different waves. All syncing up nicely over a long period of time. Quite notable.
The 2022 drop could have been wave 4. Here's a post from the time talking about the possible wave 4 and spike to a new high.
Upside forecast on that was quite accurate. If it was accurate because the EW forecast is right -then we're somewhere in a top. Maybe top already made.
The possibility of an AAPL top is completed by the big pending AB=CD pattern. This is a pattern commonly found at the end of trends. Indeed, it was how AAPL topped the last time.
Here's a post from the 2022 top.
The Elliot waves playing out would give a dire near term forecast for AAPL. Most bullish version of the move would expect a spike out of wave 4 low and then the new rally. Around 50% lower than we are today. In the bullish scenario this would be a two leg correction. Forming the ABC and ending the correction.
In a more bearish scenario we should see wave A breaking the low of wave 4. This would forecast a far worse crash in the C leg (Although both models generally agree with a bounce when breaking 2022 lows).
AAPL has rallied about 1,000% over the last 10 years and we can sub-divide this nicely into the different sections we'd expect to see in Elliot wave and we also have the common news cycles and characteristics of the different waves. All syncing up nicely over a long period of time. Quite notable.
The 2022 drop could have been wave 4. Here's a post from the time talking about the possible wave 4 and spike to a new high.
Upside forecast on that was quite accurate. If it was accurate because the EW forecast is right -then we're somewhere in a top. Maybe top already made.
The possibility of an AAPL top is completed by the big pending AB=CD pattern. This is a pattern commonly found at the end of trends. Indeed, it was how AAPL topped the last time.
Here's a post from the 2022 top.
The Elliot waves playing out would give a dire near term forecast for AAPL. Most bullish version of the move would expect a spike out of wave 4 low and then the new rally. Around 50% lower than we are today. In the bullish scenario this would be a two leg correction. Forming the ABC and ending the correction.
In a more bearish scenario we should see wave A breaking the low of wave 4. This would forecast a far worse crash in the C leg (Although both models generally agree with a bounce when breaking 2022 lows).
Nota
Here's the AAPL rally staged to the classic bubble template model.
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