Hi everyone,
Overview: AAPL is still on perfect track of my published expectations since July 3rd.
Update: I believe today marked wave x peak. Before going into details of hourly count, lets take a look at the daily chart: today made a doji highwave candle of indecision on high volume, indicating an exhaustion gap. It was also a retest of an important long-term trendline that was broken on May 9th 2022. A daily close below today's candle brings a very high confidence to this analysis. Now, lets take a look at the hourly count:
We can see that we completed the second zigzag today, wave (y).
From this point, I expect the third bearish zigzag to start developing, wave z. For now, it is too early to come up with potential targets for APPL bottom, we need the subwaves to start developing to have an idea.
Overview: AAPL is still on perfect track of my published expectations since July 3rd.
Update: I believe today marked wave x peak. Before going into details of hourly count, lets take a look at the daily chart: today made a doji highwave candle of indecision on high volume, indicating an exhaustion gap. It was also a retest of an important long-term trendline that was broken on May 9th 2022. A daily close below today's candle brings a very high confidence to this analysis. Now, lets take a look at the hourly count:
We can see that we completed the second zigzag today, wave (y).
From this point, I expect the third bearish zigzag to start developing, wave z. For now, it is too early to come up with potential targets for APPL bottom, we need the subwaves to start developing to have an idea.
