AAPL Elliott Wave Analysis – Trading Lounge Daily Chart Update

Apple Inc. (AAPL) Daily Chart Analysis

AAPL Elliott Wave Technical Outlook

FUNCTION: Counter Trend

MODE: Corrective

STRUCTURE: Flat

POSITION: Wave {ii} of C

DIRECTION: Downside projected in wave {iii}

DETAILS: Watching resistance at $200 to confirm the onset of Minor wave C targeting completion of Intermediate wave (4)

Apple Inc. (AAPL) is currently navigating a corrective Elliott Wave flat structure on the daily chart. The stock is progressing through Minor wave C, part of a broader Intermediate wave (4) correction. Price action near the $200 resistance level remains critical. Failure to break this ceiling may validate the downward scenario for wave {iii} of C, reinforcing the bearish outlook in this corrective phase.

AAPL Elliott Wave Analysis – Trading Lounge 1-Hour Chart Update

Apple Inc. (AAPL) 1-Hour Chart

AAPL Elliott Wave Technical Forecast

FUNCTION: Counter Trend

MODE: Corrective

STRUCTURE: Flat

POSITION: Wave {c} of B

DIRECTION: Upside expected in wave {c}

DETAILS: A triangle in Minute wave {b} near $200 TradingLevel2 implies short-term consolidation before an upward breakout in wave B

On the 1-hour timeframe, Apple (AAPL) is showing signs of a short-term bullish move as it builds wave {c} of B. A triangle formation in Minute wave {b}, centered around the $200 TradingLevel2, indicates consolidation. This pattern suggests a potential breakout to the upside, completing wave B before any major downturn resumes in wave C.

Technical Analyst: Alessio Barretta

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