October 4th, 2014: AAPL Wave Count Update
Posted by pugsma on October 4, 2014
10:00 am EST: AAPL price is deciding between a simple corrective Zig-Zag (primary) or Triangle (alternate) for major [4]-P5. The alternate (blue) major [4] triangle count does satisfy the “guideline” of alternation with the sharp major [2] Zig-Zag (see the daily chart during the summer of 2013). The alternate (blue) count major [4] triangle remains valid above the minor A low of 96.14. If AAPL price dips below 96.14, the primary count should complete major [4]-P5 at the 23% retrace of 92.66 to the C==1.62*A target of 90.63.
Regardless of which major [4]-P4 count wins out, there should still be a major [5]-P5 move higher towards the 109 to 111 area to complete P5. Note that on the 4-hr chart the major [4] triangle target measures to 111.34 and the large Cup and Handle Target on the daily chart measures to 109.35.
AAPL 60-min chart (EOD, 10-3-14):
AAPL 4-hr chart (EOD, 10-3-14):
AAPL daily chart (EOD, 10-3-14)):
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