PUG Stock Market Analysis, LLC | Technical Analysis Blog

PUG Stock Market Analysis is here to help with SP500, QQQ, IWM, Gold technical analysis, stock analysis and more.

May 14th, 2015: AAPL Wave Count Update

Posted by pugsma on May 14, 2013

May 14th, 2013:  AAPL price is in a minor 2 of major [1]-P5 correction that looks like a double Zig-Zag headed for the 38% retrace target at 435 or the 50% retrace at 425.  I have wave (y)=1.62*(w) at 432.

This minor 2 correction should form the right shoulder of an Inverse Head and Shoulders (IHS) pattern with neckline at 470 that targets 555 for major [1]-P5 on break above 470.

AAPL 15-min chart (EOD):

AAPL 15-min EOD 5-14-13

AAPL 60-min chart (EOD):

AAPL 60-min EOD 5-14-13

AAPL 4-hr chart (EOD):

AAPL 4-hr EOD 5-14-13

Sorry, the comment form is closed at this time.