AAPL Elliott Wave Analysis Trading Lounge Daily Chart,

Apple Inc., (AAPL) Daily Chart 

AAPL Elliott Wave Technical Analysis

FUNCTION: Trend 

MODE: Impulsive 

STRUCTURE: Motive 

POSITION: Wave {iii} of 3.    

DIRECTION: Upside in wave {iii}.   

DETAILS: Aggressive count to the upside with a double 1-2. As long as we keep trading above 200$ we can foresee further long term upside.

AAPL Elliott Wave Analysis Trading Lounge 1H Chart,

Apple Inc., (AAPL) 1H Chart 

AAPL Elliott Wave Technical Analysis

FUNCTION: Trend 

MODE: Impulsive 

STRUCTURE: Motive 

POSITION: Wave (i) of {iii}. 

DIRECTION: Top in wave (i). 

DETAILS: Looking for one more leg higher towards 230$, the top of MinorGroup1, to then correct within wave (ii) of {iii}.

Welcome to our latest Elliott Wave analysis for Apple Inc. (AAPL). This report provides a detailed overview of AAPL's price movements using Elliott Wave Theory, aiming to help traders identify potential opportunities based on the current wave structure. We will analyze both the daily and 1-hour charts to offer a comprehensive understanding of AAPL's market behavior. 

*AAPL Elliott Wave Technical Analysis – Daily Chart* 

AAPL is currently in wave {iii} of 3, following an aggressive count that suggests a double 1-2 formation. As long as AAPL remains above the $200 level, further long-term upside is anticipated. This bullish scenario suggests that AAPL is poised to continue its upward trajectory, driven by strong momentum within wave {iii}. 

* AAPL Elliott Wave Technical Analysis – 1H Chart* 

The 1-hour chart suggests that AAPL is nearing the completion of wave (i) within the larger wave {iii}. We anticipate one more leg higher towards the $230 level, which aligns with the top of MinorGroup1. Following this, a corrective phase within wave (ii) of {iii} is expected. This correction could present a buying opportunity before the next leg higher.

Technical Analyst: Alessio Barretta

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