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Apple Inc., Elliott Wave Technical Analysis

Apple Inc., (Nasdaq: AAPL): 4h Chart 12 December 2023

AAPL Stock Market Analysis: We have been looking at the entire move up from the Oct 26th low as a potential wave (i) and we now seem to be into wave i of (iii). We are looking for an alternate count where we have wave (i) in place with the Dec 8th top to now enter a larger correction into wave (ii).  

AAPL Elliott Wave Count: Wave (iii) of {i}.

AAPL Technical Indicators: Above all averages.

AAPL Trading Strategy: Looking for longs on a classic trading level of $195.  

Analyst: Alessio Barretta

Apple Inc., AAPL: 1-hour Chart 12 December 2023

Apple Inc., Elliott Wave Technical Analysis AAPL Stock Market Analysis: Looking for a potential leading diagonal in wave I, which as discussed on the higher timeframe could actually be an ending diagonal in wave v of (i). Looking for a break of 195 to confirm further upside.  

AAPL Elliott Wave count:  Wave ii of (iii).

AAPL Technical Indicators: Below 20EMA.

AAPL Trading Strategy: Looking for longs on a classic Trading Level of $195.

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