January 6th, 2014: AAPL Wave Count Update
Posted by pugsma on January 6, 2014
2:00 pm EST: AAPL’s wave count has been modified with the move below 539 today. It looks the move up to 575 completed minor 3 of major [3]-P5. And this move from 575 to 539 to 572 to 534 was a flat for minor 4. Minor 5 of major [3]-P5 should now move above 600 in the next month or two. There is minor 5 = 0.62*minor 1 target at 612 and a minor 5=1 target at 659. This AAPL count remains valid as long as the minor 4 wave holds the minor 1 level of 514. There is also a large Cup and Handle Pattern with cup rim at 514 and a target at 645 to complete major [3]-P5. So the 514 is a very important level to hold from both the E-wave count and the Cup and Handle Pattern.
AAPL 60-min chart:
AAPL 4-hr chart:
AAPL weekly chart:
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