The Video below is a short capture from the Plus Daily Technical Video from September 8th, where EWF Technical analyst Hendra Lao presented Elliott Wave chart of AAPL (Apple), explaining the view and the swings sequences.
AAPL (Apple) was proposed to be in incomplete Elliott Wave 5 wave structure from the May 5th low, suggesting further rally once wave (4) completes. As Hendra explained, back then the index was doing wave (4) pull back agaisnt the 91.53 low, looking for another swing lower toward 101.9-100.2 which would be good buying area if reached. The day after, proposed technical area was reached and the Index found buyers, making sharp rally above the 08/16 peak as expected.
Keep in mind that Market is dynamic and the view could have been changed so far. If you’re interested in the future path of AAPL, you can find a new Elliott Wave analysis in membership area of EWF. ( If not a member yet, all you have to do is to Sign Up for Free 14 Days Trial )
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