Home Trading AAPL Final Leg Of Ending Diagonal Underway

AAPL Final Leg Of Ending Diagonal Underway


The current formation of AAPL shares hints at the development of the primary fifth wave. This takes the form of an ending diagonal (1)-(2)-(3)-(4)-(5) of the intermediate degree. Wave ⑤ is the last in the cycle impulse a.

Most likely, the intermediate correction (4) in the form of a minor triple zigzag W-X-Y-X-Z has ended.

Wave (5) could take the form of a standard zigzag A-B-C and reach 192.81. At that level, wave (5) will be at 100% of intermediate wave (3).

Let’s consider a scenario where the ending diagonal is fully completed, and with it the entire cycle wave a has ended.

Thus, at the time of writing the review, we see a drop in the value of shares in a cycle correction b. This can take the form of a double zigzag Ⓦ-Ⓧ-Ⓨ of the primary degree. It seems that the first two primary sub-waves Ⓦ-Ⓧ have already ended.

There is a high probability that bears in the final sub-wave will bring the market to 113.69. At that level, primary wave Ⓨ will be at 200% of wave Ⓦ.

After the cycle correction comes to an end, we can expect a bullish market movement within the cycle wave c above the maximum of 183.59.

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