$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?
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.