In this technical blog, we will look at the past performance of the 4-hour Elliott Wave Charts of Apple ticker symbol: AAPL. We presented to members at the elliottwave-forecast . In which, the rally from 03 January 2023 low unfolded as an impulse structure suggesting that it’s a motive sequence & pullback should find support in 3, 7 or 11 swings for another extension higher at least. Therefore, we advised members not to sell the stock & buy the dips in 3, 7, or 11 swings based on the Elliott wave hedging tool looking for a minimum reaction higher to take place. We will explain the structure & forecast below:
AAPL 4-hour Elliott Wave chart from 2.26.2023
Here’s 4 hr Elliott wave chart from the 2/26/2023 update. In which, the cycle from the 1/03/2023 low ended in wave ((1)) as an impulse structure at $157.38 high. Down from there, the stock made a pullback in wave ((2)) to correct that cycle. The internals of that pullback unfolded as Elliott wave zigzag structure where wave (A) ended at $148.70 low. Wave (B) ended at $156.33 high and wave (C) managed to reach the blue box area at $147.72- $142.37 area. From there, buyers were expected to appear looking for the next leg higher or for a 3-wave bounce minimum.
AAPL latest 4-hour Elliott Wave chart from 3.07.2023
This is the latest 4 hr Elliott wave Chart from the 3/07/2023 update. In which the stock is showing a strong reaction higher taking place, right after ending the zigzag correction within the blue box area. Allowed members to create a risk-free position shortly after taking the long position at the blue box area. However, a break above $157.38 high would still be needed to confirm the next extension higher & avoid a double correction lower.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- Platoblockchain. Web3 Metaverse Intelligence. Knowledge Amplified. Access Here.
- Source: https://www.fxstreet.com/news/aapl-reaction-allowed-longs-to-get-into-a-risk-free-position-202303081319
- :is
- 1
- 11
- 2023
- 7
- 70
- a
- above
- After
- and
- Another
- appear
- Apple
- AREA
- AS
- At
- based
- BE
- below
- Blog
- Blue
- Bounce
- Box
- Break
- buy
- buyers
- Chart
- Charts
- Confirm
- create
- cycle
- double
- down
- Elliott
- Ether (ETH)
- expected
- Explain
- extension
- Find
- For
- Forecast
- from
- get
- hedging
- High
- higher
- However
- hr
- HTTPS
- in
- January
- latest
- Long
- Look
- looking
- Low
- made
- managed
- Members
- minimum
- needed
- next
- of
- on
- past
- performance
- Place
- plato
- Plato Data Intelligence
- PlatoData
- position
- presented
- pullback
- rally
- reach
- reaction
- sell
- Sequence
- Shortly
- should
- Still
- stock
- strong
- structure
- support
- Swings
- symbol
- Take
- taking
- Technical
- that
- The
- therefore
- ticker
- to
- tool
- Update
- Wave
- which
- will
- within
- would
- zephyrnet