January 1st, 2016: AAPL Wave Count Update
Posted by pugsma on January 1, 2016
5:15 pm EST: AAPL price hit 104.82 and has approached a very important inflection point here at the 103.74 and 100.71 pivots. A break-through of this area will likely confirm the bearish red wave count for the PC-C2 wave heading for the 55.00 pivot. However a hold above this 103.74 pivot area, which is the 62% retrace of the 92.00 to 123.82 move, would give the bullish blue count for a P5-C1 heading to 165.58 new life.
AAPL 4-hr chart (EOD 12-31-15):
AAPL daily chart (EOD 12-31-15):
AAPL weekly chart (EOD 12-31-15):
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