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February 4th, 2017: AAPL Chart Update

Posted by pugsma on February 4, 2018

2:50 pm EST:   On Friday, AAPL price reached the 200-day SMA (159.47) in a 5-wave drop the all-time high of 180.05.

For the primary (green) wave count this is the completion of a 3-3-5 wave major [4]-P1-C3 flat at the 23% Fibonacci retracement of the major [3] wave, which is 160.38.   The major [5]=[1] target is 186.87.

The alternate (blue) count is that 180.05 marked the top of P1-C3 and now a P2 wave correction is underway.   The 5-wave drop of 180.05 to 160.10 is minor 1 of major [A]-P2.    There should be a minor 2 wave bounce to the 50%/62% Fib retracement at 170.08/172.47 before another big drop for minor 3 of major [A].   The initial major [A]-P2 target area is at 149.16.

AAPL 4-hr chart real-time link:  http://www.freestockcharts.com?emailChartID=9dfb4f7e-2353-4fc9-874b-3b4c87772794

AAPL 4-hr chart:

AAPL Technical Analysis

AAPL daily chart:

AAPL Technical Analysis

AAPL weekly chart:

AAPL Technical Analysis

 

 

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