AAPL Elliott Wave Analysis - Trading Lounge Daily Chart
Welcome to our latest Elliott Wave analysis of Apple Inc. (AAPL). This report offers an in-depth look at AAPL's price action, using Elliott Wave Theory to help traders identify potential opportunities. We analyze both daily and 1-hour charts to provide a thorough understanding of AAPL's market trends.
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: The aggressive count indicates an upward trend with a double 1-2 formation. As long as AAPL trades above the $200 level, a continued long-term upside is expected.
AAPL Elliott Wave Technical Analysis – Daily Chart
AAPL is currently advancing in wave {iii} of 3, driven by a bullish double 1-2 formation. As long as AAPL maintains a price above $200, the outlook remains positive, suggesting that the stock could continue to rise significantly. The momentum within wave {iii} supports this ongoing upward movement.
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: Expecting another leg higher toward $230, marking the top of MinorGroup1, followed by a correction within wave (ii) of {iii}.
AAPL Elliott Wave Technical Analysis – 1H Chart
The 1-hour chart analysis indicates that AAPL is approaching the top of wave (i) within the larger wave {iii}. A final push toward $230 is anticipated, corresponding to the top of MinorGroup1. After reaching this target, a corrective phase in wave (ii) of {iii} is likely, potentially offering a strategic buying opportunity before the next upward move.
Technical Analyst: Alessio Barretta
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See Previous: META Elliott Wave Technical Analysis
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