Apple Analysis: Key Paths AheadFor Apple, two scenarios remain feasible. We continue to believe that we may have witnessed the completion of a significant cycle and anticipate a further correction downwards, expected to range between $115 and $90. Theoretically, according to traditional analysis, this correction should ideally be between $115 and $92. This bearish grand scenario would become invalid if we breach the 138% level before completing the correction.
Shifting to our bullish scenario, it suggests that what we saw in 2021 wasn't Wave (5) but rather Wave (3), followed by a Wave (4) correction and an impending Wave 5. Whether this is fully feasible remains uncertain. It's not entirely dismissible, yet it's hard to fully endorse without reservations. Therefore, we're closely monitoring the overall market sentiment to decide whether to place our limit order on the bullish short-term scenario.
