AAPL Harmonic Elliott Wave and Hurst's Cyclic AnalysisReview:
Let's review the key points of the previous update (Jan 13th):
Waves (I) and (II) of c of 5 of (A) complete, now we are in wave (III) of c.
In the second 5D cycle of the first 10D cycle of the first 20D cycle of the first 40D cycle of the second 80D cycle of the 20W cycle.
20D trough expected on January 25th or 26th.
40D trough expected 12-14th February.
20W trough expected on March 11th.
Update:
Analysis of the Structure:
The structure of AAPL is very complex. The current count that I am showing on the chart is not my favorite, but it is the most reasonable one that I can see.
I think we have completed the bullish phase that was started in January 2023 (wave (A)) and now we are correcting that whole move (wave (B)).
I can see wave (B) developing as a double zigzag, and now we are in wave b of W of (B). Note that wave b is a flat correction and we are in its wave (c).
Analysis of the Cycles:
One of the major reasons that I am considering a bearish count is that today we got a small (but valid) cross of the upward 40W cycle VTL, which means the peak of the current 18M cycle is already in.
Points to consider:
1. 20W FLD downside target: 171.6.
2. 20W trough expected: last 2 weeks of March.
3. 40W cycle trough expected in July.
