AAPL Elliott Wave analysis trading lounge daily chart [Video]

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AAPL Elliott Wave Analysis Trading Lounge Daily Chart, 28 February 24.

Apple Inc., (AAPL) Daily Chart.

AAPL Elliott Wave technical analysis

Function: Counter Trend.

Mode: Corrective.

Structure: Flat.

Position: Wave (c) of {ii}.  

Direction: Bottoming in wave {ii}.  

Details: Despite the fact we keep finding resistance on top of TL2 at 200$, the bullish count is still valid as, on the other hand, we keep finding support on top of the end of MG2 at 180$. We are looking for a end of wave (c) to then find additional confirmation higher. The safe trades stands after finding support on 200$.

AAPL Elliott Wave Analysis Trading Lounge 4Hr Chart, 28 February 24.

Apple Inc., (AAPL) 4Hr Chart.

AAPL Elliott Wave technical analysis

Function: Counter Trend.

Mode: Corrective.

Structure: Flat.

Position: Wave (c) of {ii}.

Direction: Bottoming in wave {ii}.  

Details: Here we take a look at an alternative count, with a triangle in wave (b) instead of a regular flat correction. Looking for either a short wave (c) in place, or else we are in substitute wave ii of (c).

Welcome to our AAPL Elliott Wave Analysis Trading Lounge, your premier destination for comprehensive insights into Apple Inc. (AAPL) using Elliott Wave Technical Analysis. As of the Daily Chart on 28th February 2024, we explore significant trends shaping the market.

AAPL Elliott Wave technical analysis – Daily chart

In terms of wave dynamics, we identify a counter trend function with a corrective structure, specifically a flat pattern. The current position is in Wave (c) of {ii}, indicating potential bottoming in wave {ii}. Despite encountering resistance at TL2 at $200, the bullish count remains valid as we consistently find support at the end of MG2 at $180. We anticipate the completion of wave (c) for additional confirmation higher, with a safe trade identified after finding support at $200.

AAPL Elliott Wave technical analysis – Four hour chart

Here, we explore an alternative count with a triangle pattern in wave (b) instead of a regular flat correction. The present position is in Wave (c) of {ii}, also suggesting bottoming in wave {ii}. We anticipate either a short wave (c) in place or substitute wave ii of (c) to unfold.

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• Source: https://www.fxstreet.com/news/aapl-elliott-wave-analysis-trading-lounge-daily-chart-video-202402280912