Apple: New All-Time High!

Apple has recently seen a period of heightened volatility, marked by sharp gains and notable pullbacks. We’re allowing for magenta wave (5) to break above the $260.10 resistance level, which would complete green wave [3]. However, our alternative scenario, which carries a 34% probability, calls for a new corrective low in blue wave alt.(IV). In this case, Apple would have just finished beige wave alt.b slightly above $260.10 and would next decline in wave alt.c, falling below support at $212.94. Even so, the alternative corrective low would remain above the $168 level.