Hello fellow traders. In this technical blog we’re going to take a quick look at the past Elliott Wave charts of Apple ( AAPL) published in members area of www.elliottwave-forecast.com. We’re going to explain the structure and see how we guided our members through this instrument.
AAPL 4 Hour update 01.23.2017
Elliott Wave structure is showing incomplete bullish sequences in the cycle from the 11.14 (104.1) low. We’re having 5 swings up from the mentioned level, suggesting more upside while 114.79 pivot holds. 5th swing is still in progress toward 123.08-125.04 area, from where it can pull back before main target is reached. Main target for the 7th swings up comes at equal legs area (W)-(X): 128.16-131.34 . We advised our members to avoid selling the stock, and keep buying the dips in 3,7,11 swings.
Now let’s take a look at the short term structures.
AAPL h1 update, 01.24.2017 The current price structure suggests we’re correcting short term cycle from the 118.24 low. Pull back is expected to reach 50-76.4 fibonacci zone :119.51-118.82 ( buying zone) before further rally takes place
AAPL h1 update, 01.25.2017 Pull back (x) blue reached proposed buying zone and made nice reaction from there. The stock remains bullish against the 118.26 low . We favor more upside, targeting 123.08-125.04 area next, and eventualy 128.16-131.34 ( main target).
AAPL h4 update, 02.01.2017
The price has reached the main target at 128.16-131.34, and now Apple is about to complete 7th swing from the 11.14 low. Note: we removed some labeles from the chart in order to protect client’s privileges. Future path of Apple (AAPL) can be found in the membership area of EWF. ( If not a member yet, you have opportunity to take 14 Days Free Trial )
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