AAPL - Earnings Elliott Wave
Updated
Expecting a wave 5 move higher to complete 3 headed into earnings. This is post triangle thrust after consolidation earlier in the year. Expected Primary 3 target is 256-260. We then should see a 3 wave counter trend move down to ~235. Remaining bullish, not much evidence to be bearish.
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Wave 4 completed and apple exploded up into the low 250s after the close on earnings. I still see more upside to follow after a strong report. Short sellers will have to cover - buy stop momentum! Lets see if w can get that 260
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