AAPL Weekly Harmonic Elliott Wave and Hurst's Cyclic Analysis
Overview: let's go over the previous expectations:
July 22nd: AAPL is in wave 4 and its going to bottom on 12th of August at 185.32.
July 28th: no change to my thesis for the current 40W cycle/wave 4 trough: I am expecting it at 185.32 in the middle of August.
August 5th: I see wave 4 being complete at this point as a clear flat correction and the bottom price was 181.72, lower than we expected (185.32).
August 13th: wave 4 bottom (40W trough) on 25-29th of August at 170.89 (wave 4 as a triple zigzag.)
Update: it's not been a very smooth path to predict AAPL price action. Being right on the overall picture, we have been tricked once during this time.
Analysis of the structure: not much to add to the previous update. the second x wave developed as a triangle and not the flat that we expected. Right now, we are in wave (b) of z of 4. There is no change to my target price (170.89).
Analysis of the cycles: we are in the last 5D cycle of the current 40W cycle. I am expecting the 40W trough to form early next week.
July 22nd: AAPL is in wave 4 and its going to bottom on 12th of August at 185.32.
July 28th: no change to my thesis for the current 40W cycle/wave 4 trough: I am expecting it at 185.32 in the middle of August.
August 5th: I see wave 4 being complete at this point as a clear flat correction and the bottom price was 181.72, lower than we expected (185.32).
August 13th: wave 4 bottom (40W trough) on 25-29th of August at 170.89 (wave 4 as a triple zigzag.)
Update: it's not been a very smooth path to predict AAPL price action. Being right on the overall picture, we have been tricked once during this time.
Analysis of the structure: not much to add to the previous update. the second x wave developed as a triangle and not the flat that we expected. Right now, we are in wave (b) of z of 4. There is no change to my target price (170.89).
Analysis of the cycles: we are in the last 5D cycle of the current 40W cycle. I am expecting the 40W trough to form early next week.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.