Jump to content

Apple Inc. (AAPL) Stock - Elliott Wave Technical Analysis


Recommended Posts

AAPL Elliott Wave Analysis Trading Lounge Daily Chart, 28 March 2024
Apple Inc., (AAPL) Daily Chart
AAPL Elliott Wave Technical Analysis
 
FUNCTION: Trend
MODE: Impulsive
STRUCTURE: 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.  
 
Stocks24(1).thumb.png.81d80c742f0cde25894614bc6bc83e7c.png
 
 
 
AAPL Elliott Wave Analysis Trading Lounge 4H Chart, 28 March 2024
Apple Inc., (AAPL) 4H Chart
AAPL Elliott Wave Technical Analysis
 
FUNCTION: Trend
MODE: Impulsive
STRUCTURE: 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.
 
Stocks24.thumb.png.65fb1cea5ce1ba059bb710779babbf46.png
 
 
 
Welcome to our AAPL Elliott Wave Analysis Trading Lounge, where we delve into Apple Inc. (AAPL) 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 Barretta
 
Source : Tradinglounge.com get trial here!
 
 
Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • The BLUM project has recently gained attention in the cryptocurrency community due to several developments such as  Introduction of a mining game on the TON ecosystem, allowing users to earn $BLUM tokens.  Announcement of new strategic partnerships Upcoming features including Tribes and Memepad functionalities.  Active community engagement through events and rewards 5. Recognition from notable figures in the crypto space Key upcoming events: Token Generation Event (TGE) for the BLUM mining game scheduled for September 20, 2024 Coinciding airdrop of BLUM tokens to the community The project plans to provide liquidity on centralized exchanges such as Bitget and Binance, as well as decentralized exchanges like Uniswap, Curve, and PancakeSwap. These developments have contributed to increased discussions about BLUM on social media platforms, particularly Twitter. As the crypto landscape evolves rapidly, interested individuals are encouraged to stay informed about BLUM's progress through official channels and related TON communities like r/TONDiscussion.  As with any cryptocurrency project, potential participants should conduct thorough research and consider their own risk tolerance before engaging.
    • Counter Fire is poised to redefine the gaming industry with its innovative blend of competitive gameplay and blockchain technology. The game offers multiple modes, including team-based matches of quads, duos, and solos along with solo missions, with deep customization options and dynamic battle scenarios. While the core gameplay of Counter Fire is similar to PUBG, a battle-royal where the last-man or last-team standing wins in a survival gameplay, users earn while playing Counter Fires. The project has been buzzing the ecosystem as the airdrop claim went live today so users can claim their $CEC and await listing on 9th Sept. While gamers continue to claim their tokens, some analysts have start speculating that the project will redefine the gaming landscape citing the project partnership with likes of YoubiCapital, HASHKEY, KERNEL ventures and many more and the fact that the project raised over $5 million as the base for their argument. The project partnership with Bitget could also be a reason it continues to gain such exposure as players can only claim their token to the exchange. Though, as players claim their token to the exchange, they could benefit some reward from the 1 million $CEC reward pool. I still think many exchanges should list the token so gamers can have many choices.
    • Hi @feirb1, Thank you for your post. Please note that we offer T-Bills for trading on leveraged accounts. By trading these, you will be speculating on the price movements. This means that, when trading, you´ll never take ownership of an actual t-bill. Instead, you´ll take a position on the market either rising in value or falling. Thanks, KoketsoIG
×
×
  • Create New...
us