January 2nd, 2014: AAPL Wave Count Update
Posted by pugsma on January 2, 2014
1-3-14 (1:30 pm EST): AAPL maybe forming a triangle for wave iv-(3) of minor 3 of major [3]-P5. The triangle target is 575 +(575-539) = 611, which agrees with the wave (3) target of 605, where (3)=1.62*(1). It’s critical for AAPL to the recent 538.80 low if the triangle is to remain valid.
AAPL 60-min chart (1-3-14 mid-day):
AAPL 4-hr chart (1-3-14 mid-day):
The AAPL bullish intermediate-term wave count still looks constructive as long as price holds the recent 538.80 dividend adjusted low. AAPL wave count details are show on the 60-min and 4-hr charts below. Intermediate term targets for wave (3) of minor 3 is at 605 and for the end of minor 3 is at 650.
AAPL 60-min chart real-time like: http://www.freestockcharts.com?emailChartID=d1626faf-26b8-4332-b268-b8e7778fb33f
AAPL 60-min chart (EOD):
AAPL 4-hr chart (EOD):
AAPL weekly chart (EOD):
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