December 3rd, 2014: AAPL Wave Count Update
Posted by pugsma on December 3, 2014
5:55 pm EST: AAPL looks to have completed minor 1 of major [5]-P5 at 119.75. The move down to from 119.75 to 111.27 is either wave (w) of minor 2 (primary count) or all of minor 2 (alternate blue count). For the primary count the move back up from 111.27 to 115.92 thus far looks like an (x) wav of a double Zig-Zag for minor 2. Once wave (x) completes, there should be a wave (y) drop to the 50%/62% retrace target of 107.46/104.51, before minor 3 heads above 119.75. I’m thinking major [5]-P5 might play out a large ending diagonal over the next 6 to 9 month with a final target between major [5]=2.62*[1] = 125.39 and P5 =2.62*P1 = 131.01.
AAPL 60-min chart (EOD):
AAPL 4-hr chart (EOD):
AAPL daily chart (EOD):
AAPL weekly chart (EOD):
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