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AAPL Elliott Wave Analysis Trading Lounge Daily Chart, 5 March 24

Apple Inc., (AAPL) Daily Chart

AAPL Elliott Wave Technical Analysis

FUNCTION: Counter Trend

MODE: Corrective  

STRUCTURE: Flat

POSITION: Minute {c} of wave 2.  

DIRECTION: Completion of wave {c} of 2.  

DETAILS: Today we are looking at two different count on the daily and 4H chart. On the daily I am exploring the possibility of a wave {c} in the making, headed towards the lower end of MG2 at 165$, to then start finding support.

AAPL Elliott Wave Analysis Trading Lounge 4Hr Chart, 5 March 2024

Apple Inc., (AAPL) 4Hr Chart

AAPL Elliott Wave Technical Analysis

FUNCTION: Counter Trend  

MODE: Corrective

STRUCTURE: Flat  

POSITION: Wave {c} of 2.  

DIRECTION: Acceleration higher into wave (iii) of {c}.

DETAILS: Here we have a top in wave 1 where we previously had a wave {b} top. Looking for similar downside targets towards 165$.

Welcome to our AAPL Elliott Wave Analysis Trading Lounge, your hub for comprehensive insights into Apple Inc. (AAPL) using Elliott Wave Technical Analysis. Let's delve into the market dynamics as of the Daily Chart on 5th March 2024.

* AAPL Elliott Wave Technical Analysis – Daily Chart*

Our analysis reveals a counter trend function with a corrective mode, characterized by a flat structure. Positioned in Minute {c} of wave 2, we anticipate the completion of wave {c} of 2. Today, we're exploring two different counts on both the daily and 4Hr charts.

*AAPL Elliott Wave Technical Analysis – 4Hr Chart*

Here, we maintain a counter trend function with a corrective mode, identified by a flat structure. Positioned in Wave {c} of 2, we anticipate acceleration higher into wave (iii) of {c}. This analysis follows a previous top in wave 1, where we observed a wave {b} top. We anticipate similar downside targets toward $165.

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