We reviewed AAPL more than two weeks ago. The formation of a corrective trend continues, which takes the form of a 3-wave zigzag of the cycle degree a-b-c| FXMAG.COM

We reviewed AAPL more than two weeks ago. The formation of a corrective trend continues, which takes the form of a 3-wave zigzag of the cycle degree a-b-c - 1

A complex correction b is currently under development, the structure of which hints at the primary double zigzag â“Œ-â“-â“Ž. The actionary leg â“Œ and the intervening zigzag wave â“ look complete. That is, the last sub-wave â“Ž is being built now.

The primary wave â“Ž most likely takes the form of an intermediate zigzag (A)-(B)-(C), where the impulse (A) is formed.

The price may rise to 150.48 in the near future. At that level, intermediate correction (B) will be at 50% of impulse (A).

We reviewed AAPL more than two weeks ago. The formation of a corrective trend continues, which takes the form of a 3-wave zigzag of the cycle degree a-b-c - 2

In an alternative scenario, the bearish primary wave â“Ž is more complex in structure and takes the form of an intermediate double zigzag (W)-(X)-(Y). The intermediate waves (W) and (X) may already be fully completed.

Thus, the market is currently in the last sub–wave (Y), or rather in its last part - the impulse C.

It is assumed that the price in impulse C may fall to 108.48. At that level, wave â“Ž will be at 123.6% of wave â“Œ.

Jing Ren

Jing-Ren has extensive experience in currency and commodities trading. He began his career in metal sales and trading at Societe Generale in London. Later on he worked as a senior analyst within the FX brokerage industry where he developed strategies in trading and risk management. With solid understanding of market dynamics he founded Wensfer to offer research and asset management services.