Short term view in Apple (AAPL) suggests the rally from 3.2.2023 low is in progress as a 5 waves impulse Elliott Wave structure. Up from 3.2.2023 low, wave 1 ended at 166.84 and dips in wave 2 ended at 159.78. The stock extends higher again in wave 3 towards 184.95 and pullback in wave 4 ended at 182.6. The stock has turned higher in wave 5. Up from wave 4, wave (i) ended at 185.2 and dips in wave (ii) ended at 183.07. Stock resumes higher in wave (iii) towards 187.24, and pullback in wave (iv) ended at 185.01. Final leg wave (v) ended at 187.56 which completed wave ((i)).
Pullback in wave ((ii)) ended at 185 with internal subdivision as a flat structure. Down from wave ((i)), wave (a) ended at 186 and rally in wave (b) ended at 188.05. Wave (c) lower ended at 185 which completed wave ((ii)). The stock resumes higher in wave ((iii)). Up from wave ((ii)), wave (i) ended at 186.15 and dips in wave (ii) ended at 185.27. The stock resumes higher in wave (iii) towards 189.9 and pullback in wave (iv) ended at 188.29. Near term, as far as pivot at 182.6 low stays intact, expect pullback to find support in 3, 7, 11 swing for further upside.
