Despite recent efforts, Apple stock was unable to hold its latest highs and slipped noticeably lower. However, renewed attempts to rally are already emerging. We primarily expect resistance at $288.62 to be overcome soon. Once above this level, price should complete higher-level waves (V) in blue and [I] in lime green, marking the end of a significant upward cycle. Afterward, a new bearish phase is likely to begin, kicking off a broader correction. Alternatively, if our alternative scenario—which we assign a 36% probability—plays out, a break below support at $212.94 would be expected. In that case, a new higher-level low for blue wave alt.(IV) would likely form within the alternative green Target Zone ($184.64–$163.01). This range could offer a chance for a sustainable bottom and renewed upward momentum.
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📊 Daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.