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.
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