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March 11th, 2015: AAPL Wave Count Update

Posted by pugsma on March 11, 2015

12:00 pm EST:   For the primary count, AAPL looks to have found the minor 4 of major [5]-P5 low at 122.15, which is just below the 38% Fibonacci retrace target of 122.59.  If major [5]-P5 is going to play-out as impulse wave, then minor 4 must remain above the minor 1 high of 119.75.  If minor 4 were to breach the 119.75, then major [5]-P5 would need to become and Ending Diagonal Pattern like the SP-500 primary wave count.   In either case, I’m looking for AAPL to make a new high above 133.60 to complete minor 5 of major [5]-P5.   The targets basis a minor 4 low at 122.15 are at minor 5=0.62*minor 1 = 137.34 and minor 5=minor 1 = 146.68.

AAPL 60-min chart (mid-day):

PUG AAPL 60-min chart MD 3-11-15

AAPL 4-hr chart (mid-day):

PUG AAPL 4-hr chart MD 3-11-15

AAPL daily chart (mid-day):

PUG AAPL daily chart MD 3-11-15

 

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