AAPL Elliott Wave Analysis (13/07/2023)In the 1h, it looks like AAPL just finished a correction as a wave 4 and it might be ready for more upside. However, as long as we do not take out the wave 3 high, we can still do a double correction as a wave 4. After the correction (single or double), we expect more upside to finish a complete impulse structure in the 4h. From there, we can expect a bigger pullback.
Aaplanalysis
AAPL Is Bullish In Short TermTechnical Analysis:
- Now Apple(AAPL) is doing a wave ((5)) in black
- H1 right side is turning up
- H4 right side is up and it has a bullish structure
Technical Information:
- As a position trader we like to buy in wave (II) in blue
- As a swing trader we don't like to buy now but if AAPL makes a double short term correction in wave ((4)) in black it will be very good buy/long
- When we'll have more data we can consider a buy in wave IV in red
AAPL Short Idea for Long TermAAPL is bearish in Long run. High probability of Price test the Supply zone of 172.26 - 176.27 and a fall to the demand zone of 136.25 - 133.77 followed by an Imbalance in Price.
A strong reversal pattern of AB=CD has been established followed by a continuation pattern of H&S which can help the price reach to the supply area.
AAPL Hitting weekly resistance, a pullback is on the wayPrice pierced into the weekly resistance zone. This is a strong resistance zone. A considerable pullback is expected here before the next attempt to break this resistance.
If that expected pullback is there, the price will probably tap into this below weekly support and bounce from there.
AAPL aka APPLE IdeaHere you go....
Next analysis will be AAPL..
As major trend still consider uptrend. But as projected, this pair might gonna retest previous high.
Am looking for Selling opportunity for some profit taking and looking buy opportunity. As i more on dance with the market movement, approach will be day trade, scalping and swing..
Let's see what happen next..