This article was first published on Orbex Forex Trading Blog.
- -
This content is synced from the rightful owners. Copyright on text and images belong to the original source.
- -

AAPL hints at a bullish impulse consisting of primary sub-waves ①-②-③-④-⑤.  The first three waves are fully completed, whereas bearish correction wave ④ is still under development.

Intermediate zigzag ④ consists of impulse wave (A) and corrective wave (B), which include waves W-X-Y of a corrective double zigzag.

Prices are then likely to decline to 98.97. At this level, primary correction ④ will be at 50% of impulse wave ③.

An alternative scenario shows the structure of the bullish impulse, in which the primary correction ④ has already been formed.

Intermediate degree impulse wave (1) and the corrective wave (2) have ended. The sub-waves hint at the construction of the initial part of the wave ⑤.

Therefore, in the medium term, we could see AAPL share prices rise in the intermediate sub-waves (3)-(4)-(5).

It is expected that the primary wave ⑤ could end at 151.71. At this level, it will be at 61.8% of primary impulse wave ③.


The post AAPL Corrective Wave to End Near 98.97 appeared fir...

To keep reading this article, please navigate to: Orbex Forex Trading Blog.

Tagged on: