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October 24th, 2013: AAPL Wave Count Update

Posted by pugsma on October 24, 2013

1:15 pm EST:   The APPL waves look to have chosen my primary count.  Here are the updated 60-min, 4-hr and weekly charts.   Apple appears be in a wave iii of (3) of minor 3 of major [3]-P5 wave, which of course is extremely bullish for price action the next few months.  The wave iii target is at $586 and the wave (3) target is at $605 and the minor 3 target is at $650 going into the end of 2013.

Note that there is a Bullish Cup and Handle Pattern set-up with the rim of the cup at $514, the handle at $447 and the pattern target of $645, which corresponds well to the primary wave count.  Since the rim of the cup at $514 has been broken above, the bullish pattern target of $645 is now in-play.

AAPL 60-min chart (mid-day):

PUG AAPL 60-min Chart 10-24-13

AAPL 4-hr chart (mid-day):

PUG AAPL 4-hr Chart 10-24-13

AAPL weekly chart (mid-day):

PUG AAPL Weekly Chart 10-24-13

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