AAPL Elliott Wave Analysis Trading Lounge Daily Chart, 28 March 2024Apple Inc., (AAPL) Daily ChartAAPL Elliott Wave Technical AnalysisPixabayFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: Motive  POSITION: Wave (5)DIRECTION: Upside in wave 3 of (5).DETAILS: We are looking at Apple being in a larger correction, differentiating from the rest of the major SPX components. We are exploring the possibility of a triangle in wave {b} of 2 or else we could also be in some sort of complex correction swill in wave 2.     AAPL Elliott Wave Analysis Trading Lounge 4H Chart, 28 March 2024Apple Inc., 4H ChartAAPL Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: Motive  POSITION: Wave {iii} of 3.  DIRECTION: Upside in wave {iii}.DETAILS: Here we explore the possibility of further upside into wave {iii} as there is a possibility for a five wave move into wave {i} and we are finding support on the middle of MG2 at 172$. Looking for continuation higher to give us additional confirmation.  Welcome to our AAPL Elliott Wave Analysis Trading Lounge, where we delve into Apple Inc. using Elliott Wave Technical Analysis. Let’s uncover the market dynamics on the Daily Chart as of March 28, 2024.*AAPL Elliott Wave Technical Analysis – Daily Chart*Our analysis indicates a trending function characterized by impulsive mode and motive structure, positioned in Wave (5). The direction signals an upside momentum in wave 3 of (5). Apple appears to be undergoing a larger correction, setting it apart from other major SPX components. We’re currently exploring the possibility of a triangle formation in wave {b} of 2, or alternatively, we could be experiencing a complex correction within wave 2.* AAPL Elliott Wave Technical Analysis – Daily Chart*Here, we also identify a trending function marked by impulsive mode and motive structure, positioned in Wave {iii} of 3. The direction indicates an upside trajectory in wave {iii}. Our analysis suggests the potential for further upside into wave {iii}, supported by the possibility of a five-wave move into wave {i}. We are currently finding support around the middle of MG2 at $172, anticipating continuation higher to provide additional confirmation.Technical Analyst : Alessio BarrettaMore By This Author:Elliott Wave Technical Analysis: NEOUSD Crypto Price News
S&P 500, Nasdaq 100, Russell 2000 Predictions And Trading Strategies
Elliott Wave Technical Analysis: The Walt Disney Company – Wednesday, March 27