AAPL suggests the development of the primary fifth wave. This takes the form of an ending diagonal (1)-(2)-(3)-(4)-(5) of the intermediate degree. Wave ⑤ is the final leg in a scale impulse a of the cycle degree.

Most likely, the market has completed the construction of an intermediate correction (4) in the form of a minor triple zigzag W-X-Y-X-Z.

The intermediate wave (5), which could take the form of a standard zigzag A-B-C, sees prices moving higher.

Bulls in wave (5) could reach 189.11. At that level, wave (5) will equal wave (3).

(Click on image to enlarge)

An alternative scenario assumes that the cycle wave a has ended.

Thus, in the last section of the chart, we see a downward corrective movement of prices in a cycle wave b. This could take the form of a double zigzag of the primary degree. It seems that the first two primary sub-waves Ⓦ-Ⓧ have already ended.

There is a high probability that the final sub-wave Ⓨ will be in the form of an intermediate simple zigzag (A)-(B)-(C). This could reach 118.80, which at that level, primary wave Ⓨ will be at 100% of wave Ⓦ.

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