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Apple (AAPL) suggests the construction of the primary fifth wave, taking the form of an ending diagonal  (1)-(2)-(3)-(4)-(5) of the intermediate 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.

Thus, the price is now increasing in the intermediate wave (5). Wave (5), judging by the structure, may take the form of a minor double zigzag W-X-Y. The first two zigzag sub-waves W and X look finished.

It is possible that the bulls in wave (5) will go to 189.11. At that level, wave (5) will equal wave (3).

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The second scenario shows that the cycle wave a has been fully completed.

In the last section of the chart, we see a downward corrective movement of the stock price in a cycle wave b, which may take the form of a double zigzag of the primary degree. It seems that the first two primary sub-waves Ⓦ-Ⓧ have already been formed.

There is a high probability that the bears in the final sub-wave Ⓨ, in the form of an intermediate simple zigzag (A)-(B)-(C), will be able to bring the market to 118.80. At that level, primary wave Ⓨ will be at 100% of wave Ⓦ.

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