AAPL Weekly Harmonic Elliott Wave and Hurst's Cyclic Analysis
Overview:
let's review the key points of the previous update (September 30th):
Update:
Analysis of the Structure:
I see wave x of 2 as a triple zigzag. We have completed wave a of (z) of x. On Monday, we will have the pullback as wave b of (z), then we will move higher to complete wave x of 2.
179.31 or 180.29 are my potential targets for wave x peak.
Analysis of the Cycles:
On Monday October 9th we will complete the first 10D cycle of the current 40D cycle. Looking into FLDs, the 20D FLD has generated a target of 178.4 (the underlying trend is flat), which was almost met today.
Also on Monday, we will have a cross of the 40D FLD to the upside which generates a target of 184. I think we will not meet this target, but its certainly something to keep in mind that we might exceed the above mentioned targets (179.31 or 180.29).
As mentioned before, I am expecting the 20D cycle trough in the range of 15th to 18th of October and the 80D trough in the range of 25th October to November 7th.
let's review the key points of the previous update (September 30th):
- Wave x of 2 as a double zigzag.
- 180.29 as the peak for wave x of 2.
- We are in the second 40D cycle of the first 80D cycle of the 40W cycle.
- Cross of the 40W FLD generated a target of 152 for wave 2 bottom.
Update:
Analysis of the Structure:
I see wave x of 2 as a triple zigzag. We have completed wave a of (z) of x. On Monday, we will have the pullback as wave b of (z), then we will move higher to complete wave x of 2.
179.31 or 180.29 are my potential targets for wave x peak.
Analysis of the Cycles:
On Monday October 9th we will complete the first 10D cycle of the current 40D cycle. Looking into FLDs, the 20D FLD has generated a target of 178.4 (the underlying trend is flat), which was almost met today.
Also on Monday, we will have a cross of the 40D FLD to the upside which generates a target of 184. I think we will not meet this target, but its certainly something to keep in mind that we might exceed the above mentioned targets (179.31 or 180.29).
As mentioned before, I am expecting the 20D cycle trough in the range of 15th to 18th of October and the 80D trough in the range of 25th October to November 7th.
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