Apple Inc. (AAPL) Elliott Wave technical analysis [Video]

AAPL Elliott Wave technical analysis

Function: Counter Trend.

Mode: Corrective.

Structure: Flat.

Position: Wave {ii} of C.

Direction: Expected downside in wave {iii}.

Details: Monitoring price resistance above $200 to validate the start of Minor wave C, which aims to complete Intermediate wave (4)

The daily chart analysis for Apple Inc. (AAPL) shows the stock in a corrective flat pattern. It currently sits within Minor wave C, anticipated to finalize a broader Intermediate wave (4). Confirmation of the bearish wave count hinges on price rejection at the $200 level. If AAPL fails to break above this key resistance, it would support a downside move into wave {iii} of C.

Apple Inc. (AAPL) daily chart

Chart

AAPL…

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