Since the March lows, Apple has gone through 2 Elliot Impulse Waves with an ABC correction in between.
Now we are in the middle of wave 3 with a maximum upside of ~$138 in the short term, followed by a pull back to as low as ~$127 (or more likely ~$131).
Following this, the current impulse wave should end with a final push to ~$145 or higher (if the wave 4 retracement is above ~$127).
4 hour Stoch RSI as of EOD Aug 31 below 30 and MACD is tightening possibly heading into a bullish break to complete wave 3 of the current cycle.
Now we are in the middle of wave 3 with a maximum upside of ~$138 in the short term, followed by a pull back to as low as ~$127 (or more likely ~$131).
Following this, the current impulse wave should end with a final push to ~$145 or higher (if the wave 4 retracement is above ~$127).
4 hour Stoch RSI as of EOD Aug 31 below 30 and MACD is tightening possibly heading into a bullish break to complete wave 3 of the current cycle.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.