Review:
Let's review the key points of the previous update (Jan 13th):
Update:
Analysis of the Structure:
The structure of AAPL is very complex. The current count that I am showing on the chart is not my favorite, but it is the most reasonable one that I can see.
I think we have completed the bullish phase that was started in January 2023 (wave (A)) and now we are correcting that whole move (wave (B)).
I can see wave (B) developing as a double zigzag, and now we are in wave b of W of (B). Note that wave b is a flat correction and we are in its wave (c).
Analysis of the Cycles:
One of the major reasons that I am considering a bearish count is that today we got a small (but valid) cross of the upward 40W cycle VTL, which means the peak of the current 18M cycle is already in.
Points to consider:
1. 20W FLD downside target: 171.6.
2. 20W trough expected: last 2 weeks of March.
3. 40W cycle trough expected in July.
Let's review the key points of the previous update (Jan 13th):
- Waves (I) and (II) of c of 5 of (A) complete, now we are in wave (III) of c.
- In the second 5D cycle of the first 10D cycle of the first 20D cycle of the first 40D cycle of the second 80D cycle of the 20W cycle.
- 20D trough expected on January 25th or 26th.
- 40D trough expected 12-14th February.
- 20W trough expected on March 11th.
Update:
Analysis of the Structure:
The structure of AAPL is very complex. The current count that I am showing on the chart is not my favorite, but it is the most reasonable one that I can see.
I think we have completed the bullish phase that was started in January 2023 (wave (A)) and now we are correcting that whole move (wave (B)).
I can see wave (B) developing as a double zigzag, and now we are in wave b of W of (B). Note that wave b is a flat correction and we are in its wave (c).
Analysis of the Cycles:
One of the major reasons that I am considering a bearish count is that today we got a small (but valid) cross of the upward 40W cycle VTL, which means the peak of the current 18M cycle is already in.
Points to consider:
1. 20W FLD downside target: 171.6.
2. 20W trough expected: last 2 weeks of March.
3. 40W cycle trough expected in July.
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.