Well, we can at least ”try” to find out.
We clearly see a 5th wave extension within a 5th wave extension.
Somewhat rare, but surely visible within parabolic moving equities
analysis tells us that wave 3 is often the longest but NEVER the shortest.
I see a great deal of users here on tradingview making these beginner mistakes with the EW counts.
Respect the levels. Respect the rules.
in this case ( AAPL ) we have an extended 5th wave as shown by my count.
Well when do these waves typically bottom? I have an correction as follows:
We will most likely get a big bounce soon (A=yellow box)
Play it carefully, B ”typically” goes to the 0,5/0,618 fib level of A within a simple .
The correction of an extended 5th wave tends to target the end of the second wave within the 5th wave extension, as stated by the EW rules.
According to my count that level gives a Buy target at around 70 USD (green box).
And that’s wave C. Let's examine the extensions.
Wave C just happens to end @ 1,618 fib extension of wave A. Well isn’t that just great :)
Remember, timeline is not accurate, we're basically just looking @70usd price target.
Good luck with your trading and always do your own research.