AAPL Update: 01/18/2024

In my last post I alluded to the fact the B wave may not be done. Looks as if it had OML to give us before raising for wave C of b. It appears as if C started yesterday, and we are now on our way up to finish b. Due to how low the B wave dropped though; it creates the possibility price could carve out a flat abc pattern. For this reason, I have extended the target box down to the 0.382 fib retracement. We should at minimum tag the 1.0 @ $188.22. Past there and the 1.382 extension & the 0.618 retracement starts to come into view. If price follows this path, then we will next dop to the low $170's at the minimum but will most likely drop even further than that. That will depend on how high we raise here for this b wave. Remember, this is all just the first sub-division of the minor A wave. Our sub-divisions will continue to grow larger and larger until the final C-wave that will end up being a crash type scenario. Granted this will take years to come to fruition, but if this is the correct count, it's not a matter of if but when.

Commentaire:

We're entering into the target box now.