January 17th, 2014: AAPL Wave Count Update
Posted by pugsma on January 17, 2014
5:55 pm EST: AAPL looks to have completed wave (1) of minor 5 of major [3]-P5 at 560. The (2) correction could have ended today at the 62% retrace of 540 or will need a little more drop next week to the 78% retrace of 536. Assuming wave (2) ended today at 540, wave (3) should target the 589 area where (3)=1.62*(1). The minor 5 of major [3] target is at 612, where M5=0.62*M1 or 601, where major [3]=2.62*[1]. This AAPL wave count remains valid with wave (2) of minor 5 above the minor 4 low of 529.88.
AAPL 60-min chart (EOD):
AAPL 4-hr chart (EOD):
AAPL weekly chart (EOD):
Sorry, the comment form is closed at this time.
You must be logged in to post a comment.