AAPL Elliott Wave Analysis Trading Lounge
Apple Inc. (AAPL) Daily Chart
AAPL Elliott Wave Technical Analysis

FUNCTION: Counter Trend
MODE: Corrective
STRUCTURE: Flat
POSITION: Wave {ii} of C
DIRECTION: Expected downside in wave {iii}
DETAILS: Monitoring price resistance above $200 to validate the start of Minor wave C, which aims to complete Intermediate wave (4)

The daily chart analysis for Apple Inc. (AAPL) shows the stock in a corrective flat pattern. It currently sits within Minor wave C, anticipated to finalize a broader Intermediate wave (4). Confirmation of the bearish wave count hinges on price rejection at the $200 level. If AAPL fails to break above this key resistance, it would support a downside move into wave {iii} of C. 

Apple Inc. (AAPL) 1H Chart
AAPL Elliott Wave Technical Analysis

FUNCTION: Counter Trend
MODE: Corrective
STRUCTURE: Flat
POSITION: Wave {c} of B
DIRECTION: Expected upside in wave {c}
DETAILS: A triangle pattern in Minute wave {b} near TradingLevel2 ($200) suggests consolidation and a short-term breakout to the upside to complete wave B

On the 1-hour chart, AAPL appears poised for a near-term rise as it forms wave {c} of B. The recent triangle observed in Minute wave {b} around the $200 TradingLevel2 zone reflects market indecision, likely preceding an upward breakout. This move would complete wave B before a probable decline resumes in wave C.

Technical Analyst: Alessio Barretta

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