TradeWaves-EWA

Apple. Uptrend road - on the way to a dramatic reversal

Long
NASDAQ:AAPL   Apple Inc
●● Preferred count
AAPL 🕐TF: 2W
Fig.1

A more detailed counting of the structure, as well as attempts to overlay graphs of indices, in order to indicate the most likely context of the long term waves, prompted a slight revision of the wave count:

- Structure 1983-1997 interpreted as a running flat IV of (III).

- Uptrend wave 2003-2007 — series of the first and second waves (1)-(2) 1-2
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AAPL 🕐TF: 1D
Fig.2

On the daily and hourly timeframes, for about two years now, the structure has been developing according to our forecasts. Were predicted: the level of completion of wave iii of (v), the shape and completion of wave iv of (v). The most probable target for wave (v) of ((iii)) also remains unchanged — level 214, upon reaching which, based on alternative counting, I plan to completely exit a long position.

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AAPL 🕐TF: 4h
Fig.3

It is expected that the wave v of (c) of ((iii)) will take the form of a ending diagonal ①-②-③-④-⑤.

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●● Alternative count
AAPL 🕐TF: 2W
Fig.4

Alternative wave counting suggests the development of the final wave (5) of . The next wave will tend to roll back to the area of the previous fourth - intermediate (4), which intersects with the lower border of the channel ①-②-③, Fibo 23.6% ③, as well as the moving average 610.

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