After the analysis of the chart by the Elliott Waves Theory rules, I noticed that the price is currently in the wave 4 of a bigger impulse, and the present move is situated in the wave of (b) of c . The structure forming in the wave 4 is a zig-zag with clear impulses, so the forecast should be pretty clear because the targets have not much space to develop,...
AAPL is looking to break a neck line of the head and shoulders pattern. If/when it does, price will head to $95 to fill the gap. Considering AAPL’s size, this would affect the whole market, hence my prior posts on SPY pullback, sub $500 in Tesla, downside in BTC and ETH. Essentially beta of any stock can be applied to it’s price to arrive at possible downside....
Now we see AAPL at this terminal impulse waves of wave 5 in a supercycle. There is a chance that the price will move up to 139 / 145 or even higher but not higher than 100% of (w.3) Once the cycle in this terminal impulse wave is completed. The price will make a huge drop where I would set my TP point according to the pictures