Translate

Wednesday, March 26, 2014

Elliott wave analysis of Apple - Look for 613 as the next target

Apple

It seems as wave iii is developing for a rally towards resistance near 613. At 613.13 wave iii of c will be 1.618 time wave i and we should see a flat but shallow wave iv before the final rally into the 620 area to end the double zig-zag correction from 387.21.

Whether the correction to the 620 area will be enough or a third zig-zag correction will unfold is impossible to say at this time, but for now look for a break above minor resistance at 551.18 confirming the next rally higher towards 613.

No comments:

Post a Comment