Review:
Key points of the two previous updates (March 17th and March 22nd):
Update:
Analysis of the Structure:
We are in wave b of Y of (B). This small pullback should last for a week or so, before starting the last leg that will be very bearish (wave c of Y). 155.41 is a potential target for the bottom.
Analysis of the Cycles:
On April 10th, we got the first 40D cycle trough of the first 80D cycle of the last (fourth) 20W cycle of the current 18M cycle. There is no change to the expected dates of the next cycles that were provided in the previous updates.
Overall, I expect strong bearishness until early July, which would lead to a very strong bullish bounce out of the 18M cycle trough.
Key points of the two previous updates (March 17th and March 22nd):
- The price action of AAPL is going to be very ugly and slow-moving in the next 1-2 month.
- Next major trough, 18M cycle trough in early July.
- 40D cycle trough: 9-10 April.
- 80D cycle trough: 14th May.
- Completed wave x of X as a flat correction and now we are in wave y of X.
- Today was the first 20D cycle trough of the first 40D cycle of the first 80D cycle of the current 20W cycle.
Update:
Analysis of the Structure:
We are in wave b of Y of (B). This small pullback should last for a week or so, before starting the last leg that will be very bearish (wave c of Y). 155.41 is a potential target for the bottom.
Analysis of the Cycles:
On April 10th, we got the first 40D cycle trough of the first 80D cycle of the last (fourth) 20W cycle of the current 18M cycle. There is no change to the expected dates of the next cycles that were provided in the previous updates.
Overall, I expect strong bearishness until early July, which would lead to a very strong bullish bounce out of the 18M cycle trough.
