Elliott Wave Analysis of APPLE (AAPL)

By: WavePatternTraders

With a 5 wave looking advance from 138.57, there are now enough gyrations to suggest that wave [v] could be completed, a strong reversal back below 142.00 is needed to support further downside, although if a peak is in place for wave [v], we need to see a strong break back under 138.57 to confirm wave [v] is completed, as a 3 wave pullback that stays above 140.00, likely favors further upside for wave [v], but I am counting the idea as a completed move for wave [v], so a strong reversal under 142.00, then 140.00 is the preferred route.

Target 130.00-126.00.

Apple 4-Hour Chart

Apple Daily Chart

AAPL & the NDX are pretty much locked in sync with each other, so if AAPL rolls over I am expecting the NDX to follow.

Apple and NDX Charts

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