As part of Apple's ongoing wave (2) correction, we assume that the subordinate turquoise wave X still needs to conclude in the short term before the price can drop into our magenta Target Zone between $209.57 and $196.05. There, we anticipate a bullish reversal, which should offer trading opportunities for the long side and mark the starting point for the next major upward move. Alternatively, there is a 37% chance that the low of wave alt.(2) has already been reached, which will be confirmed if the price surpasses $260.10.
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📊 Free daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
Related publications
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.