Apple Inc. (AAPL) – In-Depth Elliott Wave Analysis

Daily Chart

Function: Counter Trend

Mode: Corrective

Structure: ZigZag

Position: Wave {c} of A

Direction: Completing wave A

Details: This conservative long-term count expects Intermediate wave (4), which may reach the 2021 lows. Another leg lower is expected to complete the initial three-wave move in wave A of (4), suggesting the bottom in wave A is nearing.

Apple Inc. (AAPL) – 1H Chart

Function: Counter Trend

Mode: Corrective

Structure: ZigZag

Position: Wave (iv) of {c}

Direction: Further downside

Details: A three-wave move into wave (iv) appears near completion. We anticipate continued decline in wave (v) of {c}.

Apple Inc. (AAPL) – Brief Elliott Wave Analysis

Apple is currently in a corrective phase, labeled as wave {c} of A, part of a broader Intermediate wave (4). The daily chart reflects a conservative outlook, anticipating further downside to potentially revisit the 2021 lows. A final leg lower is expected to complete the three-wave structure of wave A.

On the 1-hour chart, wave (iv) of {c} appears near completion, with an additional decline in wave (v) anticipated soon. Both timeframes suggest short-term bearish momentum before a potential longer-term reversal.

Technical Analyst: Alessio Barretta

More By This Author:

Elliott Wave Technical Analysis: Bitcoin Crypto News - Tuesday, March 25
Unlocking ASX Trading Success: Insurance Australia Group Limited - Monday, March 24
Elliott Wave Technical Analysis - Microsoft Inc.