$AAPL Identifying a Macro 5-Wave Structure
In this updated chart, I’m highlighting what appears to be a macro 5-wave structure based on Elliott Wave Theory: Here’s the breakdown:
1. Wave 1 starts from a low point and pushes up strongly, initiating the trend.
2. Wave 2 corrects back but does not fully retrace Wave 1, maintaining the overall upward trend.
3. Wave 3 is a powerful impulsive wave that surpasses Wave 1’s high, as expected in Elliott Wave theory.
4. Wave 4 is a corrective phase, with a shallower retracement compared to Wave 2.
5. Wave 5 is currently unfolding, moving upward and potentially marking the final push in this trend before we enter a larger correction or a reversal.
The next step would be to watch for signs of an A-B-C corrective wave once Wave 5 is completed.
Thoughts?
1. Wave 1 starts from a low point and pushes up strongly, initiating the trend.
2. Wave 2 corrects back but does not fully retrace Wave 1, maintaining the overall upward trend.
3. Wave 3 is a powerful impulsive wave that surpasses Wave 1’s high, as expected in Elliott Wave theory.
4. Wave 4 is a corrective phase, with a shallower retracement compared to Wave 2.
5. Wave 5 is currently unfolding, moving upward and potentially marking the final push in this trend before we enter a larger correction or a reversal.
The next step would be to watch for signs of an A-B-C corrective wave once Wave 5 is completed.
Thoughts?
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.
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.