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):
AAPL 4-hr chart (mid-day):
AAPL daily chart (mid-day):
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