●● Mine scenario ● 2W NASDAQ:AAPL There is no big changes from the last update . Now the wave (III) or (V) "Supercycle" is developing, as part of which 5 of (3) is extended. The approximate targets for the third waves correspond to the color of the wave degree.
● 1D NASDAQ:AAPL The top of wave ((iii)) was determined with high accuracy. Next, a sideways corrections was expected in the form of a triangle, which, as will be demonstrated later in alternative count, could have already been formed.
● 4h NASDAQ:AAPL At the moment, I expect the correction to transform into a wider contracting triangle in the form of a running model type. The targets for the wave 5 of (3) are located at the level of 214, but later they can be revised based on the rule of the ratio of the lengths of the first and fifth waves of the impulse.
● 30m NASDAQ:AAPL On the lower timeframe, not everything is so clear. A series of local sideways corrections in the form of triangles forces us to adopt a variant of counting with a ending diagonal with c of (b).
●● Alternative scenario ● 4h NASDAQ:AAPL An alternative count suggests considering the probability of a completed triangle ((iv)). If we turn to the arithmetic price scale, the lower limit of the ascending channel has been reached. The first targets for wave ((v)) of 5 have also already reached ( ((v))=((i)) ). Further goals: 165 and 197.
● 30m NASDAQ:AAPL So far, I have nothing to offer you except of the diagonal in the current count and the top of the triangle ((iv)) 112.60 in the lower degree. I plan to make any trading decisions in this situation only if the diagonal is fully formed or broken in its current form and with a powerful exit up.
The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.
Good number of technical analysis, My thesis is 128, 126 is bearish pivot in short term(4-8 weeks) while closing above 139 is bullish pivot where last all time high may act as temporary ceiling.
TradeWaves-EWA
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@vishalniit, Thanks for the comment! I will take into account your numbers 🤝